Guideline Value for Alankar Thottam

Alankar Thottam guideline value

The current guideline value of Alankar Thottam is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village under the Periyanayakkan Palayam SRO, classified as Commercial Class I Type - I.

How the guideline value of Alankar Thottam has changed

The guideline value for Alankar Thottam has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Subsequently, the value increased again to Rs 1,000 per sq.ft in 2023, and the most recent 2024 revision has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values for 2024 ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value is Rs 1,019 per sq.ft, and Alankar Thottam's 2024 figure is above this median.

• Amarjothi Ever Green Garden: Rs 1,100 per sq.ft (2024)
• Ambethkar Street: Rs 1,014 per sq.ft (2024)
• Ajantha Nagar: Rs 1,020 per sq.ft (2024)
• Ambika Nagar: Rs 1,100 per sq.ft (2024)
• Amirtha lakshmi Garden: Rs 1,022 per sq.ft (2024)
• Adhithya Residency: Rs 1,021 per sq.ft (2024)

Stamp duty and registration fee for property in Alankar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Alankar Thottam?

The Sub Registrar Office that covers Alankar Thottam is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Thudiyalur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are required to complete the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Alankar Thottam?

The current guideline value of Alankar Thottam is Rs 1,100 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 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and currently stands at Rs 1,100 in 2024. The register has no figures for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Alankar Thottam?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. This is calculated based on the guideline value.

Which Sub Registrar Office covers Alankar Thottam?

The Periyanayakkan Palayam Sub Registrar Office covers Alankar Thottam, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification of Alankar Thottam?

Alankar Thottam is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.