Guideline Value for Alayam Nest

Alayam Nest guideline value

The current guideline value of Alayam Nest in Vellalore village, under the Singanallur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Alayam Nest has changed

Over the years, the guideline value for Alayam Nest has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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 that carry a 2024 guideline value, ranging from Rs 210 to Rs 3,850 per sq.ft. The median value for these streets is Rs 330 per sq.ft, making Alayam Nest's 2024 figure equal to this median.

• Alayam Avenue: 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 Nest

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alayam Nest?

The Alayam Nest area is covered by 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 plays a crucial role in property transactions in Vellalore. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure proper compliance with the registration requirements.

When a property is sold, the guideline value is considered to assess the transaction's value for taxation purposes. This means that the stamp duty is calculated based on the higher amount between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Alayam Nest?

The current guideline value of Alayam Nest 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 increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value in Vellalore?

The median guideline value in Vellalore is Rs 330 per sq.ft, which is the same as the current value for Alayam Nest.

What are the stamp duty and registration fees for a property in Alayam Nest?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for Alayam Nest located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.