Guideline Value for Alampalayam (702/3)

Alampalayam (702/3) guideline value

The current guideline value for Alampalayam (702/3) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Annur village, under the Annur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Alampalayam (702/3) has changed

Over the years, the guideline value of Alampalayam (702/3) has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 45 per sq.ft. This increased to Rs 100 per sq.ft in 2012, but then saw a decrease to Rs 67 per sq.ft in 2017. The value then rose significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a total increase of 199% from 2017 to 2023 and a 0% change from 2023 to 2024.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Annur

In Annur, there are 225 streets under the Annur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. Alampalayam (702/3) is currently below this median.

• Alampalayam (702/2): Rs 200 per sq.ft (2024)
• Allikulam Sathy Road (110): Rs 1,000 per sq.ft (2024)
• AlliKulam Sathy Road (111/1): Rs 1,000 per sq.ft (2024)
• Allikulam Sathy Road (111/2): Rs 1,000 per sq.ft (2024)
• Agragaram Street (316/7): Rs 1,000 per sq.ft (2024)
• Adhidravidar Quarters (22/2A5): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alampalayam (702/3)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alampalayam (702/3)?

The Sub Registrar Office that covers Alampalayam (702/3) is the Annur Sub Registrar Office, located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Annur

The guideline value is a critical factor during the registration process of property transactions in Annur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alampalayam (702/3)?

The current guideline value of Alampalayam (702/3) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 344% over the years.

What is the land classification of Alampalayam (702/3)?

Alampalayam (702/3) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Alampalayam (702/3)?

The Sub Registrar Office for Alampalayam (702/3) is located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653.

How is the stamp duty calculated for properties in Alampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.