Guideline Value for ALAGAPPAN STREET

Alagappan Street guideline value

The current guideline value of Alagappan Street is Rs 301 per sq.ft, effective from 1 July 2024. This street is located in Suleswaranpatty village and falls under the Pollachi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Alagappan Street has changed

In the 2007 revision, the guideline value was Rs 180 per sq.ft. This increased to Rs 300 per sq.ft in the 2012 revision, reflecting a rise of 67%. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, marking a decrease of 33%. The 2023 revision saw the value return to Rs 300 per sq.ft, and in the latest 2024 revision, it has increased slightly to Rs 301 per sq.ft, which is a change of 0% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 67%. Between the 2017 and 2023 revisions, there was a significant increase of 49%, demonstrating a notable change in the value over the years.

Guideline values in Suleswaranpatty

Suleswaranpatty village has a total of 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making Alagappan Street's 2024 figure of Rs 301 per sq.ft higher than the median.

• Alagappa Nagar: Rs 200 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 Alagappan Street

For a 1,000 sq.ft plot at the current rate of Rs 301 per sq.ft, the guideline value amounts to Rs 3,01,000. The stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total to Rs 27,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagappan Street?

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

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Suleswaranpatty, this value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a reference point for property valuation during registration. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Alagappan Street?

The current guideline value of Alagappan Street is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased by 67%, from Rs 180 per sq.ft to Rs 301 per sq.ft in 2024. There have been fluctuations, including a decrease in 2017.

What is the land classification for Alagappan Street?

The land classification for Alagappan Street is Residential Special Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Alagappan Street?

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

How is the stamp duty calculated for properties in Suleswaranpatty?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,01,000 would incur a stamp duty of Rs 21,070 at 7%.