Guideline Value for ALANGADU MADAN KOVILSTREET

Alangadu Madan Kovilstreet guideline value

The current guideline value of Alangadu Madan Kovilstreet is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in the village of Alangadu under the Tiruppur Joint II SRO and is classified as Residential Class IV Type - III.

How the guideline value of Alangadu Madan Kovilstreet has changed

Over the years, the guideline value for Alangadu Madan Kovilstreet has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 750 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward - M

In Ward - M, there are a total of 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 in this ward is Rs 1,100 per sq.ft, which means the 2024 figure for Alangadu Madan Kovilstreet is below that median.

• Alangadu Koil Street: Rs 880 per sq.ft (2024)
• Alangadu Municipal Colony: Rs 880 per sq.ft (2024)
• Alangadu Huts West: Rs 880 per sq.ft (2024)
• Alangadu Huts South: 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 Madan Kovilstreet

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Alangadu Madan Kovilstreet?

The Alangadu Madan Kovilstreet is covered by 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 in the registration process of property transactions in Ward - M. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration reflects the fair value of the property.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that must be paid to complete the registration process. This ensures that the state government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alangadu Madan Kovilstreet?

The current guideline value of Alangadu Madan Kovilstreet is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for Alangadu Madan Kovilstreet?

Alangadu Madan Kovilstreet is classified as Residential Class IV Type - III.

How does the guideline value compare to other streets in Ward - M?

The guideline value for Alangadu Madan Kovilstreet is Rs 825 per sq.ft, which is below the median value of Rs 1,100 per sq.ft for the 225 streets in Ward - M.

Where can I find the Sub Registrar Office for Alangadu Madan Kovilstreet?

The Sub Registrar Office covering Alangadu Madan Kovilstreet is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.