Guideline Value for ALAGHU NAGAR (CIVIL AERODROME)

Alaghu Nagar (Civil Aerodrome) guideline value

The current guideline value of Alaghu Nagar (Civil Aerodrome) is Rs 1,065 per sq.ft, effective from 1 July 2024. This location falls under KALAPATTY_East village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this area is the Gandhipuram SRO.

How the guideline value of Alaghu Nagar (Civil Aerodrome) has changed

Over the years, the guideline value for Alaghu Nagar (Civil Aerodrome) has seen significant changes. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking an increase of 87%. The latest revision in 2024 raised the value further to Rs 1,065 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has risen by 99%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, placing Alaghu Nagar (Civil Aerodrome) above this median.

• Alex Anenue: Rs 1,040 per sq.ft (2024)
• Airport Colony (Civil Aerodrome): Rs 1,055 per sq.ft (2024)
• Adarsh Enclave: Rs 1,015 per sq.ft (2024)
• Amman Nagar: Rs 1,045 per sq.ft (2024)
• Abhis Gk Avenue: Rs 1,055 per sq.ft (2024)
• Aarudhra Quinta Phase-III: Rs 2,145 per sq.ft (2024)

Stamp duty and registration fee for property in Alaghu Nagar (Civil Aerodrome)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, and the registration fee at 2% would be Rs 21,300, bringing the total cost for these fees to Rs 95,850. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alaghu Nagar (Civil Aerodrome)?

The Sub Registrar Office that covers Alaghu Nagar (Civil Aerodrome) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property transaction occurs, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Alaghu Nagar (Civil Aerodrome)?

The current guideline value of Alaghu Nagar (Civil Aerodrome) is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, which is an overall increase of 99%.

What are the stamp duty and registration fees for a property in Alaghu Nagar?

For a property valued at Rs 10,65,000, the stamp duty would be Rs 74,550 and the registration fee would be Rs 21,300, totaling Rs 95,850.

Which Sub Registrar Office is responsible for Alaghu Nagar?

The Gandhipuram Sub Registrar Office is responsible for Alaghu Nagar (Civil Aerodrome), located on Kalapatti Road, near Saravanampatti Police Station.

What is the land classification of Alaghu Nagar?

Alaghu Nagar (Civil Aerodrome) is classified as Residential Class I Type - I, indicating its suitability for residential development.