Guideline Value for Alagapuri Nagar

Alagapuri Nagar guideline value

The current guideline value of Alagapuri Nagar is Rs 170 per sq.ft, effective from 1 July 2024. This locality is situated in Pappampatti village, under the jurisdiction of the Singanallur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Alagapuri Nagar has changed

Over the years, the guideline value of Alagapuri Nagar has experienced several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which was followed by a decrease to Rs 67 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 100 per sq.ft in the 2023 revision, and then a further rise to Rs 170 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, there has been an overall increase of 70%. The change from 2017 to 2023 saw a rise of 49%, while the jump from 2023 to 2024 was a notable 70% increase.

Guideline values in Pappampatti

Pappampatti village has a total of 140 streets under the Singanallur SRO, with guideline values ranging from Rs 140 to Rs 750 per sq.ft. The median guideline value for these streets is Rs 195 per sq.ft, placing Alagapuri Nagar's 2024 figure below this median.

• AishyawariyaGarden: Rs 165 per sq.ft (2024)
• Agasthisaya Industrial Estate: Rs 165 per sq.ft (2024)
• Amman Nagar: Rs 165 per sq.ft (2024)
• Annai Nagar: Rs 165 per sq.ft (2024)
• Annamalai Garden: Rs 195 per sq.ft (2024)
• Arijana colony: Rs 170 per sq.ft (2024)

Stamp duty and registration fee for property in Alagapuri Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,70,000. The stamp duty at 7% would be Rs 11,900, and the registration fee at 2% would be Rs 3,400, making the total Rs 15,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagapuri Nagar?

The Sub Registrar Office that covers Alagapuri Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Pappampatti. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standard valuation rather than fluctuating market prices.

When buying or selling property in this area, it is essential to be aware of the guideline value as it directly influences the financial obligations of both parties involved in the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Alagapuri Nagar?

The current guideline value of Alagapuri Nagar is Rs 170 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting from Rs 100 per sq.ft in 2012, dropping to Rs 67 per sq.ft in 2017, rising to Rs 100 per sq.ft in 2023, and finally reaching Rs 170 per sq.ft in 2024.

What is the median guideline value in Pappampatti?

The median guideline value for streets in Pappampatti is Rs 195 per sq.ft, which is higher than the current guideline value of Alagapuri Nagar.

What are the stamp duty and registration fees for property in Alagapuri Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 15,300, based on the current guideline value of Rs 1,70,000.

Which office handles property registrations in Alagapuri Nagar?

The Singanallur Sub Registrar Office is responsible for property registrations in Alagapuri Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.