Guideline Value for Alagappa Chettiar Road

Alagappa Chettiar Road guideline value

The current guideline value of Alagappa Chettiar Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Sanganur. village under the Gandhipuram SRO, classified as Residential Special Type - II.

How the guideline value of Alagappa Chettiar Road has changed

The guideline value for Alagappa Chettiar Road has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. Following this, there was a significant increase to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,800 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%. There was a decrease of 33% from 2012 to 2017. Between 2007 and 2012, the guideline value rose by 25%. Overall, from 2007 to 2024, the increase is 40%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Alagappa Chettiar Road's 2024 guideline value is above this median.

• Alagesan Road (1 & 2): Rs 3,360 per sq.ft (2024)
• AK Nagar: Rs 1,900 per sq.ft (2024)
• Amaravathy Street: Rs 1,120 per sq.ft (2024)
• Agamudaiyar Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Street: Rs 1,120 per sq.ft (2024)
• Ambrose Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappa Chettiar Road

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagappa Chettiar Road?

The Sub Registrar Office that covers Alagappa Chettiar Road is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sanganur.

The guideline value plays a crucial role in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When a property transaction occurs, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value is used to assess the appropriate taxes and fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Alagappa Chettiar Road?

The current guideline value of Alagappa Chettiar Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Alagappa Chettiar Road?

Alagappa Chettiar Road is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Alagappa Chettiar Road is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for properties on Alagappa Chettiar Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,96,000.