Guideline Value for Alagimmal Colony

Alagimmal Colony guideline value

The current guideline value for Alagimmal Colony, located in Pattanam village under the Singanallur SRO, is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Alagimmal Colony has changed

The guideline value for Alagimmal Colony has seen several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023, and further rose to the current rate of Rs 220 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 represented a decrease of 33%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pattanam

Pattanam village consists of 220 streets under the Singanallur SRO, with the 2024 guideline values ranging from Rs 165 to Rs 1,815 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is the same as the guideline value for Alagimmal Colony.

• Amman Nagar: Rs 330 per sq.ft (2024)
• Abinav Avnue: Rs 330 per sq.ft (2024)
• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)

Stamp duty and registration fee for property in Alagimmal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. 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 more precise calculations.

Which Sub Registrar Office covers Alagimmal Colony?

The Sub Registrar Office that covers Alagimmal Colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property transactions in Pattanam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Both the buyer and seller must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a baseline for calculating the applicable fees. It is essential for buyers to understand that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for Alagimmal Colony?

The current guideline value for Alagimmal Colony is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Alagimmal Colony?

Alagimmal Colony falls under the Residential Class III Type - I land classification.

What are the other streets with guideline values in Pattanam?

Other streets in Pattanam include Amman Nagar, Abinav Avnue, Amman Nagar, Extension, Andal Garden, Angel Garden, and Annai Gardens, with varying guideline values.

Where can I find the Sub Registrar Office for Alagimmal Colony?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, and it covers Alagimmal Colony.