Guideline Value for Alpha Residence Extension

Alpha Residence Extension guideline value

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

How the guideline value of Alpha Residence Extension has changed

The guideline value for Alpha Residence Extension has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 330 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The significant changes include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with the 2024 guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is equal to the current value of Alpha Residence Extension.

• Alpha Residenchy: Rs 210 per sq.ft (2024)
• Alayam Nest: Rs 330 per sq.ft (2024)
• Alayam Avenue: Rs 330 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 Alpha Residence Extension

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 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alpha Residence Extension?

The Sub Registrar Office that covers Alpha Residence Extension 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Alpha Residence Extension?

The current guideline value of Alpha Residence Extension is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Alpha Residence Extension?

For a 1,000 sq.ft plot 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.

Which Sub Registrar Office is responsible for Alpha Residence Extension?

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

What is the land classification of Alpha Residence Extension?

Alpha Residence Extension is classified as Residential Class II Type - I, indicating its designation for residential use.