Guideline Value for ALANGADU 7TH STREET

Alangadu 7th Street guideline value

The current guideline value of Alangadu 7th 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 and falls under Residential Class IV Type - II land classification.

How the guideline value of Alangadu 7th Street has changed

The guideline value for Alangadu 7th Street has seen several revisions over the years. The 2007 revision set the value at Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in the 2012 revision. However, it then decreased to Rs 536 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 800 per sq.ft, followed by the current value of Rs 880 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, 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 the 2024 figure for Alangadu 7th Street below this median.

• Alangadu 6th Street: Rs 880 per sq.ft (2024)
• Alangadu 8th Street: Rs 880 per sq.ft (2024)
• Alangadu 5th Street: Rs 880 per sq.ft (2024)
• Alangadu Bleaching Factory Road: Rs 880 per sq.ft (2024)
• Alangadu 4th Street: Rs 880 per sq.ft (2024)
• Alangadu Huts South: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu 7th 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, while the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that 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 7th Street?

The Sub Registrar Office that covers Alangadu 7th 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 during the registration of property transactions in Ward - M. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When you buy or sell a property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official valuation set by the authorities. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Alangadu 7th Street?

The current guideline value of Alangadu 7th 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 seen various changes, from Rs 490 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 80% since 2007.

What are the stamp duty and registration fees for properties in Alangadu 7th 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 office handles registrations for Alangadu 7th Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Alangadu 7th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the transaction is recorded accurately and reflects the official valuation set by authorities.