Guideline Value for ALANGADU

Alangadu guideline value

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

How the guideline value of Alangadu has changed

Over the years, the guideline value for Alangadu has seen several revisions. The 2007 revision set the value at Rs 490 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, in 2017, the value dropped to Rs 536 per sq.ft. The 2023 revision marked a significant increase to Rs 800 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 880 per sq.ft. The register does not have figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value rose by 10%. Overall, from the 2007 revision to the current value in 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 that have a 2024 guideline value 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 Alangadu's current guideline value below this median.

• Alangadu 1st Street: Rs 880 per sq.ft (2024)
• Alangadu 2nd Street: Rs 880 per sq.ft (2024)
• Alangadu 3rd Street: Rs 880 per sq.ft (2024)
• Alangadu 4th Street: Rs 880 per sq.ft (2024)
• Alangadu 5th Street: Rs 880 per sq.ft (2024)
• Alangadu 6th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Alangadu

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 amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the 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?

The Sub Registrar Office that covers Alangadu is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 when buying or selling property in Ward - M. It serves as a benchmark for determining the stamp duty and registration fees applicable during property transactions. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees at the time of registration.

When a property is registered, the guideline value is used to assess the tax obligations. This means that both buyers and sellers should be familiar with the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alangadu?

The current guideline value of Alangadu 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, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 80%.

What is the land classification of Alangadu?

Alangadu is classified as Residential Class IV Type - II, which is important for understanding the type of development allowed in the area.

Where is the Sub Registrar Office for Alangadu located?

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

How is stamp duty calculated for property in Alangadu?

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