Guideline Value for ALAGUVEL LAYOUT

Alaguvel Layout guideline value

The current guideline value of Alaguvel Layout is Rs 475 per sq.ft, effective from 1 July 2024. This layout is located in Ward - G village under the Udumalpettai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Alaguvel Layout has changed

The guideline value for Alaguvel Layout has undergone several revisions over the years. In 2003, the guideline value was Rs 147 per sq.ft, which increased significantly to Rs 425 per sq.ft in 2012. However, there was a decrease to Rs 285 per sq.ft in 2017. Following that, the value saw a substantial rise to Rs 426 per sq.ft in 2023, and currently stands at Rs 475 per sq.ft as of the 2024 revision. The register has no figure for this street in 2007 and 2002.

From 2003 to 2024, the overall increase in guideline value is 223%. The changes between revisions include a 189% increase from 2003 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024.

Guideline values in Ward - G

In Ward - G, there are 36 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 1,800 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Alaguvel Layout is below this median.

• Anna Kudiyerupu: Rs 660 per sq.ft (2024)
• Arumuga Gounder Layout: Rs 475 per sq.ft (2024)
• Balakrishnan Naidu Street: Rs 1,450 per sq.ft (2024)
• Duraisamy Lay Out: Rs 775 per sq.ft (2024)
• G.V.G.Nagar: Rs 475 per sq.ft (2024)
• Iyyappan Colony: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Alaguvel Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 475 per sq.ft, the total guideline value amounts to Rs 4,75,000. The stamp duty at 7% would be Rs 33,250, and the registration fee at 2% would be Rs 9,500, leading to a total cost of Rs 42,750. 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 Alaguvel Layout?

The Sub Registrar Office that covers Alaguvel Layout is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ward - G. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alaguvel Layout?

The current guideline value of Alaguvel Layout is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2003 to Rs 475 per sq.ft in 2024, showing an overall increase of 223% over this period.

What are the stamp duty and registration fees for property in Alaguvel Layout?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,75,000, leading to a stamp duty of Rs 33,250 and a registration fee of Rs 9,500, totaling Rs 42,750.

Which Sub Registrar Office covers Alaguvel Layout?

The Udumalpettai Sub Registrar Office covers Alaguvel Layout, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration, determining the minimum value for which a property can be registered. It is also essential for calculating the stamp duty and registration fees during the transaction.