Guideline Value for Alif Avenue

Alif Avenue guideline value

The current guideline value of Alif Avenue in Anupparpalayam village is Rs 1,055 per sq.ft, effective from 1 July 2024. This property falls under the Coimbatore North Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Alif Avenue has changed

The guideline value for Alif Avenue has undergone several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 469 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2023, marking a 113% rise. The most recent revision in 2024 set the value at Rs 1,055 per sq.ft, reflecting a 6% increase from the previous year.

From 2017 to 2024, the overall change in guideline value is a substantial 125%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO, with guideline values for 2024 ranging from Rs 1,000 to Rs 1,400 per sq.ft. The median value for these streets is Rs 1,025 per sq.ft, placing Alif Avenue's current value above this median.

• Anbu Nagar: Rs 1,010 per sq.ft (2024)
• Anupparpalayam Thotta Salaigal: Rs 1,010 per sq.ft (2024)
• Arafa Garden: Rs 1,020 per sq.ft (2024)
• Arputham Nagar: Rs 1,015 per sq.ft (2024)
• Bharath Nagar: Rs 1,060 per sq.ft (2024)
• Bismi Nagar: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Alif Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty, charged at 7%, would be Rs 73,850, while the registration fee at 2% would be Rs 21,100. Together, the total fees would amount to Rs 94,950. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Alif Avenue?

The Sub Registrar Office that covers Alif Avenue is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anupparpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is accurately reflected in official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alif Avenue?

The current guideline value of Alif Avenue is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 1,055 per sq.ft, representing an overall increase of 125% by 2024.

What are the stamp duty and registration fees for a property in Alif Avenue?

For a property valued at Rs 10,55,000, the stamp duty would be Rs 73,850 and the registration fee would be Rs 21,100, totaling Rs 94,950.

Which Sub Registrar Office covers Alif Avenue?

The Coimbatore North Joint 1 Sub Registrar Office covers Alif Avenue, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Alif Avenue?

Alif Avenue is classified as Residential Special Type - II, indicating its specific use and zoning within the area.