Guideline Value for ALANGADU 8TH STREET

Alangadu 8th Street guideline value

The current guideline value of Alangadu 8th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the village of Alangadu under the Tiruppur Joint II SRO, classified as Residential Class IV Type - II.

How the guideline value of Alangadu 8th Street has changed

The guideline value for Alangadu 8th 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 2012, marking a significant rise of 63%. However, in 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 800 per sq.ft in 2023, and subsequently increased to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 80%. The register has no figure for this street in 2002 and 2003.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO with a guideline value for 2024 ranging from Rs 701 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the guideline value of Alangadu 8th Street below the median.

• Alangadu 7th Street: Rs 880 per sq.ft (2024)
• Alangadu Bleaching Factory Road: Rs 880 per sq.ft (2024)
• Alangadu 6th Street: Rs 880 per sq.ft (2024)
• Alangadu Huts South: Rs 880 per sq.ft (2024)
• Alangadu 5th Street: Rs 880 per sq.ft (2024)
• Alangadu Huts West: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu 8th 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, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alangadu 8th Street?

The Sub Registrar Office covering Alangadu 8th 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 plays a crucial role in the registration process when buying or selling property in Ward - M. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Alangadu 8th Street?

The current guideline value of Alangadu 8th 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 several times, starting from Rs 490 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, with various increases and decreases in between.

What is the classification of land in Alangadu 8th Street?

The land classification for Alangadu 8th Street is Residential Class IV Type - II.

What are the stamp duty and registration fees for properties in Alangadu 8th 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 registers properties in Alangadu 8th Street?

The Tiruppur Joint II Sub Registrar Office is responsible for registering properties in Alangadu 8th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.