Guideline Value for ALAGAN STREET WARD-2

Alagan Street Ward-2 guideline value

The current guideline value of Alagan Street Ward-2 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in East_komaralingam village, under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Alagan Street Ward-2 has changed

Over the years, the guideline value of Alagan Street Ward-2 has seen several revisions. The 2007 revision set the value at Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012. However, the value then decreased to Rs 107 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 87%, bringing the value back up to Rs 200 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Alagan Street Ward-2. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in East_komaralingam

In East_komaralingam village, there are 56 streets under the Kaniyur SRO that carry a guideline value of Rs 200 per sq.ft for 2024, with the median also being Rs 200 per sq.ft. Alagan Street Ward-2's 2024 guideline value is equal to this median.

• Aasath Street Ward-4: Rs 200 per sq.ft (2024)
• Angalamman Kovil Street Ward-7: Rs 200 per sq.ft (2024)
• Chellapparummal Street Ward -5: Rs 200 per sq.ft (2024)
• Chenna Karuppanan Street Ward-5: Rs 200 per sq.ft (2024)
• East Agragaram Ward-4: Rs 200 per sq.ft (2024)
• Galani Street-1 Ward-9: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alagan Street Ward-2

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Alagan Street Ward-2?

The Sub Registrar Office that covers Alagan Street Ward-2 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in East_komaralingam. It determines the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the value of the property and is essential for calculating the applicable duties and fees during the registration process.

Frequently asked questions

What is the current guideline value of Alagan Street Ward-2?

The current guideline value of Alagan Street Ward-2 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the stamp duty and registration fees for properties in Alagan Street Ward-2?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000, based on the current guideline value of Rs 2,00,000.

Which office handles property registrations for Alagan Street Ward-2?

The Kaniyur Sub Registrar Office handles property registrations for Alagan Street Ward-2, located at 61, Madathukulam Main Road, Kaniyur, Tirupur District.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it sets the minimum price for property registration, ensuring that the appropriate stamp duty and registration fees are collected by the government during property transactions.