Guideline Value for Athupalayam

Athupalayam guideline value

The current guideline value of Athupalayam is Rs 900 per sq.ft as per the 2023 revision. This area falls under Karumathapatti village and is governed by the Sulur SRO. The land classification for this region is Commercial Class I Type - I.

How the guideline value of Athupalayam has changed

The guideline value for Athupalayam has seen several revisions over the years. In 2007, the value was Rs 180 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 400% rise. However, this value remained unchanged in the next revision in 2017, where it dropped to Rs 603 per sq.ft, representing a decrease of 33%.

From 2017 to 2023, the guideline value rose again to Rs 900 per sq.ft, indicating an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 400%.

Guideline values in Karumathapatti

Currently, there are no specific village figures available for Karumathapatti. Athupalayam is one of the streets in this village under the Sulur SRO.

Stamp duty and registration fee for property in Athupalayam

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000. Together, the total cost would be Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athupalayam?

The Sub Registrar Office that covers Athupalayam is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Karumathapatti. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these fees are applied fairly based on the property's assessed value.

When buying or selling property in this area, the guideline value helps determine the official value of the property, which is crucial for legal and financial purposes. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Athupalayam?

The current guideline value of Athupalayam is Rs 900 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and finally returned to Rs 900 per sq.ft in 2023.

What is the stamp duty rate in Athupalayam?

The stamp duty rate in Athupalayam is 7% of the guideline value or sale price, whichever is higher.

Where is the Sulur Sub Registrar Office located?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the official value of the property, which is essential for calculating stamp duty and registration fees during property transactions in Karumathapatti.