Guideline Value for ALAGAPURI STREET

Alagapuri Street guideline value

The current guideline value of Alagapuri Street is Rs 200 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 Class I Type - I.

How the guideline value of Alagapuri Street has changed

Over the years, the guideline value of Alagapuri Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 110 per sq.ft. This increased to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 both set the value at Rs 200 per sq.ft, indicating no change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 100%, while the value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 82%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Suleswaranpatty

In Suleswaranpatty, there are 79 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the current value for Alagapuri Street.

• Alagappan Street: Rs 301 per sq.ft (2024)
• Alagappa Nagar: 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 Alagapuri Street

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees 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 Alagapuri Street?

The Sub Registrar Office that covers Alagapuri Street 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 details.

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

The guideline value plays a crucial role in property transactions in Suleswaranpatty. It is used as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Alagapuri Street?

The current guideline value of Alagapuri Street 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, reflecting an overall increase of 82% over the years.

What is the land classification for Alagapuri Street?

Alagapuri Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for properties in Alagapuri Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000.