Guideline Value for ALANGADU 3RD STREET

Alangadu 3rd Street guideline value

The current guideline value of Alangadu 3rd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - M, under the Tiruppur Joint II SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Alangadu 3rd Street has changed

Looking back at the revisions, the guideline value for Alangadu 3rd Street has seen several changes over the years. The value in 2007 was Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a rise of 63%. However, it then dropped to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. Following this, the value surged to Rs 800 per sq.ft in 2023, and further increased to Rs 880 per sq.ft in 2024, a change of 10%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 80%, from Rs 490 to Rs 880 per sq.ft.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO with a 2024 guideline value 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 3rd Street's value below this median.

• Alangadu 2nd Street: Rs 880 per sq.ft (2024)
• Alangadu 4th Street: Rs 880 per sq.ft (2024)
• Alangadu 1st Street: Rs 880 per sq.ft (2024)
• Alangadu 5th Street: Rs 880 per sq.ft (2024)
• Alangadu: Rs 880 per sq.ft (2024)
• Alangadu 6th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu 3rd 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 be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alangadu 3rd Street?

The Sub Registrar Office that covers Alangadu 3rd 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 when registering property in Ward - M. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the valuation of the property. It is essential to consider this value during negotiations, as it affects the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Alangadu 3rd Street?

The current guideline value of Alangadu 3rd 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, reflecting an overall increase of 80% over the years.

What are the stamp duty and registration fees for property in Alangadu 3rd Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office is responsible for Alangadu 3rd Street?

The Tiruppur Joint II Sub Registrar Office is responsible for Alangadu 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Alangadu 3rd Street?

Alangadu 3rd Street is classified as Residential Class IV Type - II.