Guideline Value for ALAGAPPA NAGAR

Alagappa Nagar guideline value

The current guideline value of Alagappa Nagar, located in Suleswaranpatty village under the Pollachi SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Alagappa Nagar has changed

Over the years, the guideline value of Alagappa Nagar has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was set at Rs 110 per sq.ft. This increased to Rs 150 per sq.ft in 2012, marking a rise of 36%. However, in 2017, the value jumped significantly to Rs 100 per sq.ft, reflecting a 100% increase from the previous revision. The 2023 revision maintained the value at Rs 200 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 200 per sq.ft, indicating no change from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 82%. The revisions illustrate a fluctuating yet upward trajectory in the guideline value, with the latest figures reflecting a stable position compared to the previous years.

Guideline values in Suleswaranpatty

Suleswaranpatty village features a total of 79 streets under the Pollachi SRO, with guideline values ranging from Rs 200 to Rs 490 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Alagappa Nagar's 2024 figure at the same level as this median.

• Alagappan Street: Rs 301 per sq.ft (2024)
• Alagapuri Street: Rs 200 per sq.ft (2024)
• Ambedkar Street: Rs 200 per sq.ft (2024)
• Amman Kovil Street: Rs 200 per sq.ft (2024)
• Anbalagan Street: Rs 200 per sq.ft (2024)
• Annai Indra Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, calculated at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for these fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagappa Nagar?

The Sub Registrar Office that covers Alagappa Nagar is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Suleswaranpatty, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for these calculations, ensuring that the fees are based on a standardized valuation of the property rather than the negotiated sale price.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling property in this region.

Frequently asked questions

What is the current guideline value of Alagappa Nagar?

The current guideline value of Alagappa Nagar 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 110 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with various revisions in between. The most significant increase occurred from 2017 to 2023, where it rose by 100%.

What is the land classification for Alagappa Nagar?

Alagappa Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Pollachi Sub Registrar Office?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Alagappa Nagar?

Stamp duty for properties in Alagappa Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would amount to Rs 14,000.