Guideline Value for ALANGADU 5TH STREET

Alangadu 5th Street guideline value

The current guideline value of Alangadu 5th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the village of Alangadu and falls under the Tiruppur Joint II SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Alangadu 5th Street has changed

The guideline value for Alangadu 5th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in the 2012 revision. However, there was a significant decrease to Rs 536 per sq.ft in the 2017 revision. The value then rose to Rs 800 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 880 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Notably, the changes between revisions include a 63% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase 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 a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means that the guideline value of Alangadu 5th Street is below this median.

• Alangadu 4th Street: Rs 880 per sq.ft (2024)
• Alangadu 6th Street: Rs 880 per sq.ft (2024)
• Alangadu 3rd Street: Rs 880 per sq.ft (2024)
• Alangadu 7th Street: Rs 880 per sq.ft (2024)
• Alangadu 2nd Street: Rs 880 per sq.ft (2024)
• Alangadu 8th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alangadu 5th Street?

The Sub Registrar Office that covers Alangadu 5th 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 details.

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 determines the minimum value at which a property can be registered, ensuring that the state receives adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction price. If the sale price is lower than the guideline value, the higher value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Alangadu 5th Street?

The current guideline value of Alangadu 5th 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 5th Street?

The stamp duty is 7% and the registration fee is 2%, which together can amount to Rs 79,200 for a 1,000 sq.ft plot at the current guideline value.

Which office handles property registrations for Alangadu 5th Street?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Alangadu 5th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Alangadu 5th Street?

The land classification for Alangadu 5th Street is Residential Class IV Type - II.