Guideline Value for ALAGIRI NAGAR

Alagiri Nagar guideline value

The current guideline value of Alagiri Nagar 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, classified as Residential Class IV Type - I.

How the guideline value of Alagiri Nagar has changed

The guideline value for Alagiri Nagar has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 750 per sq.ft in 2023, and further increased by 12% to Rs 840 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Between 2012 and 2017, there was a decrease of 33%. The increase from 2007 to 2012 was 24%. Overall, from 2007 to 2024, the guideline value has risen by 39%.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO with a 2024 guideline value 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 (Thiyagi Kumaran Colony Extn): 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

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, totaling 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?

The Sub Registrar Office covering Alagiri Nagar 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 further assistance.

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

The guideline value is crucial when registering property transactions in Ward - K. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during the registration process.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Alagiri Nagar?

The current guideline value of Alagiri Nagar 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 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification of Alagiri Nagar?

Alagiri Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Alagiri Nagar?

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

How is stamp duty calculated for properties in Alagiri Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For instance, for a 1,000 sq.ft plot at Rs 840 per sq.ft, the total guideline value is Rs 8,40,000, which would determine the stamp duty and registration fees applicable.