Guideline Value for ALANGADU MUNICIPAL COLONY

Alangadu Municipal Colony guideline value

The current guideline value of Alangadu Municipal Colony is Rs 880 per sq.ft, effective from 1 July 2024. This area 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 Municipal Colony has changed

Over the years, the guideline value of Alangadu Municipal Colony has seen several revisions. In 2007, the value was Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The 2023 revision raised the value to Rs 800 per sq.ft, and the most recent revision in 2024 set it at Rs 880 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable: from 2007 to 2012, there was an increase of 63%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. 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 guideline values ranging from Rs 701 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the current guideline value of Alangadu Municipal Colony below this median.

• Alangadu Madan Kovilstreet: Rs 825 per sq.ft (2024)
• Alangadu Koil Street: 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 Municipal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alangadu Municipal Colony?

The Alangadu Municipal Colony falls under 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 during the registration of property transactions in Ward - M. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Alangadu Municipal Colony?

The current guideline value of Alangadu Municipal Colony 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, with several revisions in between, including a decrease and subsequent increases.

What is the registration office for Alangadu Municipal Colony?

The registration office for Alangadu Municipal Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Alangadu Municipal Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

What are the guideline values of other streets in Ward - M?

Other streets in Ward - M have varying guideline values, with rates ranging from Rs 701 to Rs 6,600 per sq.ft. For instance, Alangadu Madan Kovilstreet has a guideline value of Rs 825 per sq.ft in 2024.