Guideline Value for Alayam Avenue

Alayam Avenue guideline value

The current guideline value of Alayam Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Alayam Avenue has changed

The guideline value for Alayam Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the guideline value saw a significant increase of 49%, bringing it up to Rs 300 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 330 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for Alayam Avenue for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for the area is Rs 330 per sq.ft, which aligns with the current value of Alayam Avenue.

• Alayam Nest: Rs 330 per sq.ft (2024)
• Alpha Residence Extension: Rs 330 per sq.ft (2024)
• Alpha Residenchy: Rs 210 per sq.ft (2024)
• Alamiyammal Street: Rs 330 per sq.ft (2024)
• Adhideravedar Nattam: Rs 330 per sq.ft (2024)
• Abirami Garden: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Alayam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alayam Avenue?

The Sub Registrar Office covering Alayam Avenue is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property transactions in Vellalore, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately.

Frequently asked questions

What is the current guideline value of Alayam Avenue?

The current guideline value of Alayam Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Alayam Avenue?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 3,30,000, with stamp duty at Rs 23,100 and registration fee at Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Alayam Avenue?

The Singanallur Sub Registrar Office covers Alayam Avenue, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and to calculate the stamp duty and registration fees during property transactions in Vellalore.