Guideline Value for Alagesan Road (1 & 2)

Alagesan Road (1 & 2) guideline value

The current guideline value of Alagesan Road (1 & 2) is Rs 3,360 per sq.ft, effective from 1 July 2024. This road is located in Sanganur. village and falls under the Gandhipuram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Alagesan Road (1 & 2) has changed

The guideline value for Alagesan Road (1 & 2) has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 3,000 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,360 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

When examining the changes, the value increased by 49% from 2017 to 2023, and then by 12% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Alagesan Road (1 & 2) above this median.

• Alagappa Chettiar Road: Rs 2,800 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 Alagesan Road (1 & 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,360 per sq.ft, the total guideline value amounts to Rs 33,60,000. The stamp duty at 7% would be Rs 2,35,200, while the registration fee at 2% would be Rs 67,200, bringing the total to Rs 3,02,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagesan Road (1 & 2)?

The Sub Registrar Office that covers Alagesan Road (1 & 2) 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 details.

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

The guideline value is a critical factor when registering property transactions in Sanganur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as it provides a standardized value for properties in the area.

Frequently asked questions

What is the current guideline value of Alagesan Road (1 & 2)?

The current guideline value of Alagesan Road (1 & 2) is Rs 3,360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,360 per sq.ft in 2024.

What is the land classification for Alagesan Road (1 & 2)?

The land classification for Alagesan Road (1 & 2) is Residential Special Type - I.

Where can I find the Sub Registrar Office for Alagesan Road (1 & 2)?

The Sub Registrar Office for Alagesan Road (1 & 2) 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 property in Alagesan Road (1 & 2)?

The stamp duty for property in Alagesan Road (1 & 2) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 33,60,000, resulting in a stamp duty of Rs 2,35,200.