Guideline Value for Alagu Murugan Nagar

Alagu Murugan Nagar guideline value

The current guideline value of Alagu Murugan Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village under the Vadavalli SRO and is classified as Commercial Special Type - II.

How the guideline value of Alagu Murugan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,700 per sq.ft. This figure then decreased to Rs 1,139 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 1,700 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,870 per sq.ft, which is a rise of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Alagu Murugan Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Alagu Murugan Nagar's 2024 guideline value is above this median.

• Alamara Thottam Navavoor Pirivu: Rs 1,000 per sq.ft (2024)
• Alamu Nagar: Rs 1,000 per sq.ft (2024)
• Aksay Garden: Rs 1,870 per sq.ft (2024)
• Aliv Garden: Rs 1,000 per sq.ft (2024)
• Aiswarya Nagar: Rs 1,100 per sq.ft (2024)
• Ambal Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alagu Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to Rs 1,68,300. 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 Alagu Murugan Nagar?

The Sub Registrar Office that covers Alagu Murugan Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Vadavalli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps in determining the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Alagu Murugan Nagar?

The current guideline value of Alagu Murugan Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,700 per sq.ft in 2012, dropping to Rs 1,139 per sq.ft in 2017, and then rising to Rs 1,700 per sq.ft in 2023. The latest revision in 2024 increased it to Rs 1,870 per sq.ft.

What is the land classification of Alagu Murugan Nagar?

Alagu Murugan Nagar is classified as Commercial Special Type - II, which indicates its designated use for commercial purposes.

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

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Alagu Murugan Nagar?

The Vadavalli Sub Registrar Office handles registrations for Alagu Murugan Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.