Guideline Value for ALAGU NAGAR

Alagu Nagar guideline value

The current guideline value of Alagu Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Alagu Nagar has changed

The guideline value for Alagu Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, it saw a significant rise to Rs 1,000 per sq.ft, reflecting a 149% increase. The most recent revision in 2024 set the value at Rs 1,055 per sq.ft, marking a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 76%.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft, with a median value of Rs 1,060 per sq.ft. Alagu Nagar's 2024 figure is below this median.

• Adithiravidar Veethi -2: Rs 1,055 per sq.ft (2024)
• Adithiravidar Veethi -1: Rs 1,055 per sq.ft (2024)
• Ambigapathi Veethi: Rs 1,045 per sq.ft (2024)
• Amburose Nagar: Rs 1,055 per sq.ft (2024)
• Amman Nagar: Rs 1,055 per sq.ft (2024)
• Abirami Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Alagu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,055 per sq.ft, the guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, totaling Rs 94,950. 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 further calculations.

Which Sub Registrar Office covers Alagu Nagar?

The Sub Registrar Office that covers Alagu Nagar is the Gandhipuram Sub Registrar Office, located at 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 Saravanmpatty.

The guideline value is a crucial factor when registering property transactions in Saravanmpatty. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value helps to establish a fair basis for the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alagu Nagar?

The current guideline value of Alagu Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 600 per sq.ft in 2012 to Rs 1,055 per sq.ft in 2024. This reflects an overall increase of 76% over the years.

What is the registration office for Alagu Nagar?

The registration office for Alagu Nagar is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

How is stamp duty calculated for properties in Alagu Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would amount to Rs 73,850.

What are the other streets in Saravanmpatty with similar guideline values?

Other streets in Saravanmpatty with similar guideline values include Adithiravidar Veethi -1, Adithiravidar Veethi -2, Amburose Nagar, Amman Nagar, and Abirami Nagar, all at Rs 1,055 per sq.ft in 2024.