Guideline Value for ALANGADU 2ND STREET

Alangadu 2nd Street guideline value

The current guideline value of Alangadu 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - M village, under the Tiruppur Joint II SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Alangadu 2nd Street has changed

The guideline value for Alangadu 2nd Street has seen several revisions over the years. In 2007, the value was Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The guideline value rose significantly to Rs 800 per sq.ft in 2023, before reaching the current value of Rs 880 per sq.ft in 2024. The register has no figures for this street in 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 80%.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Alangadu 2nd Street's 2024 figure below this median.

• Alangadu 1st Street: Rs 880 per sq.ft (2024)
• Alangadu 3rd Street: Rs 880 per sq.ft (2024)
• Alangadu: Rs 880 per sq.ft (2024)
• Alangadu 4th Street: Rs 880 per sq.ft (2024)
• Alangadu 5th Street: Rs 880 per sq.ft (2024)
• Alangadu 6th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for these fees would be Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alangadu 2nd Street?

The Sub Registrar Office that covers Alangadu 2nd Street is the Tiruppur Joint II 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 - M

The guideline value is a crucial factor during the registration of property transactions in Ward - M. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives due revenue from stamp duties and registration fees.

When buying or selling property, the guideline value affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the total financial outlay required for the transaction.

Frequently asked questions

What is the current guideline value of Alangadu 2nd Street?

The current guideline value of Alangadu 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 490 per sq.ft in 2007 to Rs 880 per sq.ft in 2024. There were several revisions, including a decrease in 2017 and increases in 2023 and 2024.

What are the guideline values for other streets in Ward - M?

Other streets in Ward - M have a guideline value of Rs 880 per sq.ft in 2024, including Alangadu 1st Street, Alangadu 3rd Street, Alangadu, Alangadu 4th Street, Alangadu 5th Street, and Alangadu 6th Street.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft would incur a total stamp duty and registration fee of Rs 79,200.

Where can I find the Sub Registrar Office for Alangadu 2nd Street?

The Sub Registrar Office for Alangadu 2nd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.