Guideline Value for Alagesan Main Road

Alagesan Main Road guideline value

The current guideline value of Alagesan Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Ward 12 village under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Alagesan Main Road has changed

In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft. This marked an increase of 10% to the current value of Rs 2,750 per sq.ft in the 2024 revision. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available figures for Alagesan Main Road are from the 2023 and 2024 revisions. The increase from Rs 2,500 to Rs 2,750 reflects a 10% rise in the guideline value over the one-year period.

Guideline values in Ward 12

In Ward 12, there are 25 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 4,000 per sq.ft. The median value is Rs 2,750 per sq.ft, making Alagesan Main Road's current figure equal to this median.

• Alagesan Main Road-1: Rs 2,750 per sq.ft (2024)
• Alagesan Main Road-II: Rs 2,750 per sq.ft (2024)
• Alagesan Road -Bharathy Park Road 7): Rs 2,750 per sq.ft (2024)
• Bharathy Park: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.1: Rs 2,750 per sq.ft (2024)
• Bharathy Park Cross No.2: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Alagesan Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please 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 further calculations.

Which Sub Registrar Office covers Alagesan Main Road?

The Sub Registrar Office covering Alagesan Main Road is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 12

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 12. It helps determine the stamp duty and registration fees applicable to the property transaction.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property. This ensures that the fees collected are in line with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Alagesan Main Road?

The current guideline value of Alagesan Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% rise.

What is the classification of land on Alagesan Main Road?

The land classification for Alagesan Main Road is Residential Class I Type - I.

What are the stamp duty and registration fees for property in Alagesan Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, with a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Alagesan Main Road?

The Coimbatore South Joint 1 Sub Registrar Office handles registrations for Alagesan Main Road, located at No.410a, Raja Street, Coimbatore-641001.