Guideline Value for Alamu Nagar South Side 3rd Cross

Alamu Nagar South Side 3rd Cross guideline value

The current guideline value of Alamu Nagar South Side 3rd 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 it falls under the Residential Class I Type - II land classification.

How the guideline value of Alamu Nagar South Side 3rd Cross has changed

The guideline value has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, this figure decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision then raised the value to Rs 2,000 per sq.ft, and the most recent 2024 revision set it at Rs 2,240 per sq.ft. Notably, the register has no figures for this street in 2002 and 2003.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 12%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 124%.

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 equal to the guideline value of Alamu Nagar South Side 3rd Cross.

• Alamu Nagar South Side 2nd Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side MAIN ROAD: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 1st Cross: 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 3rd Cross

For a 1,000 sq.ft plot at the current rate of Rs 2,240 per sq.ft, the 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, totaling Rs 2,01,600. It is important to note that 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 Alamu Nagar South Side 3rd Cross?

The Sub Registrar Office that covers Alamu Nagar South Side 3rd Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Ganapathyward11. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency in the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining a standardized approach to property transactions.

Frequently asked questions

What is the current guideline value of Alamu Nagar South Side 3rd Cross?

The current guideline value of Alamu Nagar South Side 3rd 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 changed from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, reflecting an overall increase of 124% over the years.

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

For a property valued at Rs 22,40,000, the stamp duty would be Rs 1,56,800, and the registration fee would be Rs 44,800, totaling Rs 2,01,600.

Which office handles property registrations in this area?

The Ganapathy Sub Registrar Office handles property registrations for Alamu Nagar South Side 3rd Cross, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum sale price of a property and is essential for calculating stamp duty and registration fees during property transactions in Ganapathyward11.