Guideline Value for Alamu Nagar South Side 2nd Cross

Alamu Nagar South Side 2nd Cross guideline value

The current guideline value of Alamu Nagar South Side 2nd Cross is Rs 2,240 per sq.ft, effective from 1 July 2024. This property is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Alamu Nagar South Side 2nd Cross has changed

The guideline value for Alamu Nagar South Side 2nd Cross has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,000 per sq.ft. In 2012, the value increased to Rs 2,000 per sq.ft, but then dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,240 per sq.ft.

Between these revisions, there have been notable changes. From 2007 to 2012, the value increased by 100%, but then decreased by 33% from 2012 to 2017. The value rose significantly by 49% from 2017 to 2023, and then increased by 12% from 2023 to 2024. Overall, the guideline value has increased by 124% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median value is Rs 2,240 per sq.ft, which is the same as the guideline value for Alamu Nagar South Side 2nd Cross.

• Alamu Nagar South Side 1st Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 3rd Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South SideMAIN ROAD: Rs 2,240 per sq.ft (2024)
• Ambika Lay-out: Rs 2,240 per sq.ft (2024)
• Annapoorna Lay-out: Rs 2,240 per sq.ft (2024)
• Arundhadhiyar Street (Haripuram): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Alamu Nagar South Side 2nd Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, resulting in a total of Rs 2,01,600. Please note that duty is charged on the higher of the guideline value and the sale price. You may use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Alamu Nagar South Side 2nd Cross?

The Sub Registrar Office covering Alamu Nagar South Side 2nd Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value is an essential factor when registering property in Ganapathyward11. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Alamu Nagar South Side 2nd Cross?

The current guideline value for Alamu Nagar South Side 2nd Cross is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 1,000 per sq.ft in 2007, increasing to Rs 2,240 per sq.ft in 2024, with fluctuations in between.

What is the land classification for Alamu Nagar South Side 2nd Cross?

Alamu Nagar South Side 2nd Cross is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Alamu Nagar South Side 2nd Cross located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.