Guideline Value for ALANGADU KOIL STREET

Alangadu Koil Street guideline value

The current guideline value of Alangadu Koil 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 is classified as Residential Class IV Type - II.

How the guideline value of Alangadu Koil Street has changed

The guideline value for Alangadu Koil Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 490 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 63% rise. However, it then decreased to Rs 536 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, representing a 10% increase.

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

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 is Rs 1,100 per sq.ft, placing Alangadu Koil Street's 2024 figure below this median.

• Alangadu Huts West: Rs 880 per sq.ft (2024)
• Alangadu Madan Kovilstreet: Rs 825 per sq.ft (2024)
• Alangadu Huts South: Rs 880 per sq.ft (2024)
• Alangadu Municipal Colony: Rs 880 per sq.ft (2024)
• Alangadu Bleaching Factory Road: Rs 880 per sq.ft (2024)
• Alangadu 8th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to 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, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alangadu Koil Street?

The Sub Registrar Office that covers Alangadu Koil 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 further assistance.

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 of property transactions in Ward - M. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Alangadu Koil Street?

The current guideline value of Alangadu Koil 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, showing an overall increase of 80% over this period.

What is the median guideline value in Ward - M?

The median guideline value in Ward - M is Rs 1,100 per sq.ft. Alangadu Koil Street's 2024 figure is below this median.

What are the stamp duty rates for property in Alangadu Koil Street?

The stamp duty rate for property in Alangadu Koil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Alangadu Koil Street?

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