Guideline Value for ALAGAPURI NAGAR

Alagapuri Nagar guideline value

The current guideline value of Alagapuri Nagar, located in Muthanampalayam village, is Rs 708 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Alagapuri Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw a significant jump to Rs 708 per sq.ft, which is an increase of 136% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 252%. The consistent upward trend in the guideline value reflects changes in the local real estate landscape, with the latest figure indicating a notable increase in property valuation.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing Alagapuri Nagar's 2024 figure above this median.

• A.I.B.E.A Nagr: Rs 708 per sq.ft (2024)
• A.I.B.E.A Nagar Ext: Rs 711 per sq.ft (2024)
• Amaravathi Nagar: Rs 700 per sq.ft (2024)
• Ambal Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Alagapuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total fees to Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagapuri Nagar?

The Sub Registrar Office that covers Alagapuri Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Muthanampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the overall transaction costs. The registration office uses this value to calculate the applicable fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Alagapuri Nagar?

The current guideline value of Alagapuri Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases, from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 708 per sq.ft in 2024. This represents an overall increase of 252% from 2017 to 2024.

What is the land classification of Alagapuri Nagar?

Alagapuri Nagar is classified as Residential Special Type - II, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for Alagapuri Nagar?

The Tiruppur Joint I Sub Registrar Office covers Alagapuri Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 63,720 in fees, including stamp duty and registration fees.