Guideline Value for Alamu Nagar

Alamu Nagar guideline value

The current guideline value of Alamu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Alamu Nagar has changed

The guideline value for Alamu Nagar has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft. This figure decreased to Rs 536 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, representing an increase of 87% from 2017 to 2023, and no change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 25%. The consistent value of Rs 1,000 per sq.ft in the last two revisions indicates stability in the pricing for this area.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Alamu Nagar's 2024 figure below this median.

• Alamara Thottam Navavoor Pirivu: Rs 1,000 per sq.ft (2024)
• Alagu Murugan Nagar: Rs 1,870 per sq.ft (2024)
• Aliv Garden: Rs 1,000 per sq.ft (2024)
• Aksay Garden: Rs 1,870 per sq.ft (2024)
• Aiswarya Nagar: Rs 1,100 per sq.ft (2024)
• Ambal Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alamu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamu Nagar?

The Sub Registrar Office that covers Alamu Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vadavalli. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to determine the applicable fees. The stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alamu Nagar?

The current guideline value of Alamu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Alamu Nagar?

Alamu Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Alamu Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Alamu Nagar?

The Vadavalli Sub Registrar Office handles registrations for Alamu Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.