Guideline Value for Alagappa Street

Alagappa Street guideline value

The current guideline value of Alagappa Street in Koogaloor village is Rs 205 per sq.ft, effective from 1 July 2024. This street falls under the Gobichettipalayam Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Alagappa Street has changed

The guideline value for Alagappa Street has seen significant changes over the years. In 2007, the value was Rs 30 per sq.ft, which increased to Rs 100 per sq.ft in 2012, representing a rise of 233%. However, between 2012 and 2017, the value decreased to Rs 67 per sq.ft, marking a decline of 33%. The value then surged to Rs 200 per sq.ft in 2023, reflecting an increase of 199%. The most recent revision in 2024 set the value at Rs 205 per sq.ft, a 3% increase from the previous year.

It is important to note that the register has no figures for Alagappa Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 583%.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value. The median value for these streets is Rs 205 per sq.ft, which is the same as the current value for Alagappa Street.

• Alagunatchi amman Kovil Street: Rs 205 per sq.ft (2024)
• Ambedhkar Street: Rs 205 per sq.ft (2024)
• Anthiyur main road: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Arumaikarrar Street: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Alagappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100. Together, the total cost for these fees would be Rs 18,450. 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 further calculations.

Which Sub Registrar Office covers Alagappa Street?

The Sub Registrar Office that covers Alagappa Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koogaloor. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagappa Street?

The current guideline value of Alagappa Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 30 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, marking an overall increase of 583%.

What is the land classification for Alagappa Street?

Alagappa Street is classified as Residential Special Type - III.

Where can I find the registration office for Alagappa Street?

The registration office for Alagappa Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is stamp duty calculated for properties in Koogaloor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,05,000, the stamp duty would be Rs 14,350 at a rate of 7%.