Guideline Value for ALAGIRI NAGAR (THIYAGI KUMARAN COLONY EXTN)

Alagiri Nagar (Thiyagi Kumaran Colony Extn) guideline value

The current guideline value of Alagiri Nagar (Thiyagi Kumaran Colony Extn) is Rs 840 per sq.ft, effective from 1 July 2024. This area is part of Ward - K village under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Alagiri Nagar (Thiyagi Kumaran Colony Extn) has changed

The guideline value for Alagiri Nagar has seen several revisions over the years. In 2012, the value was Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the 2023 revision set the value at Rs 750 per sq.ft, and the most recent 2024 revision increased it to Rs 840 per sq.ft. The register has no figures for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 12% increase. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 780 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, indicating that Alagiri Nagar's 2024 figure is below that median.

• Alagiri Nagar: Rs 840 per sq.ft (2024)
• Amarjothi Lay Out: Rs 840 per sq.ft (2024)
• Anaipalayam: Rs 840 per sq.ft (2024)
• Anaipalayam Nathakadu: Rs 840 per sq.ft (2024)
• ARUGOMBAI 1ST to 4th STREET: Rs 1,120 per sq.ft (2024)
• Arugombai Mettupalayam (Mettuppallam): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Alagiri Nagar (Thiyagi Kumaran Colony Extn)

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagiri Nagar (Thiyagi Kumaran Colony Extn)?

The Sub Registrar Office that covers Alagiri Nagar (Thiyagi Kumaran Colony Extn) is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - K

The guideline value plays a crucial role during the registration of property transactions in Ward - K. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagiri Nagar?

The current guideline value of Alagiri Nagar (Thiyagi Kumaran Colony Extn) is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 840 per sq.ft in 2024.

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

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which Sub Registrar Office covers Alagiri Nagar?

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

What is the land classification of Alagiri Nagar?

Alagiri Nagar (Thiyagi Kumaran Colony Extn) is classified as Residential Class IV Type - I.