Guideline Value for Alamu Nagar South SideMAIN ROAD

Alamu Nagar South SideMAIN ROAD guideline value

The current guideline value for Alamu Nagar South SideMAIN ROAD 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 SideMAIN ROAD has changed

The guideline value for Alamu Nagar South SideMAIN ROAD has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The value then rose significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,240 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

Between the revisions, the changes were notable. From 2007 to 2012, there was a 100% increase, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023 and saw a further rise of 12% from 2023 to 2024. Overall, the guideline value has increased by 124% from 2007 to 2024.

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 current value for Alamu Nagar South SideMAIN ROAD.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value would be Rs 22,40,000. The stamp duty at 7% would amount to Rs 1,56,800, while the registration fee at 2% would be Rs 44,800, bringing the total cost to Rs 2,01,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamu Nagar South SideMAIN ROAD?

The Sub Registrar Office covering Alamu Nagar South SideMAIN ROAD is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 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 crucial during property transactions in Ganapathyward11 as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the transaction's worth. The registration office uses this value to calculate the applicable fees, ensuring that the transaction is in line with government regulations.

Frequently asked questions

What is the current guideline value for Alamu Nagar South SideMAIN ROAD?

The current guideline value for Alamu Nagar South SideMAIN ROAD 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 this period.

What is the role of the Ganapathy SRO?

The Ganapathy SRO is responsible for property registrations in Ganapathyward11, ensuring that all transactions comply with legal requirements and that the guideline values are applied correctly.

How is stamp duty calculated for properties in Alamu Nagar South SideMAIN ROAD?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,40,000 would incur a stamp duty of Rs 1,56,800.

What are the other streets with the same guideline value in Ganapathyward11?

Other streets in Ganapathyward11 with the same guideline value of Rs 2,240 per sq.ft include Alamu Nagar South Side 1st Cross, Alamu Nagar South Side 2nd Cross, Alamu Nagar South Side 3rd Cross, Ambika Lay-out, and Annapoorna Lay-out.