Guideline Value for Alagu Nagar (Venkikdusamy Layout) (Ward 3)

Alagu Nagar (Venkikdusamy Layout) (Ward 3) guideline value

The current guideline value of Alagu Nagar (Venkikdusamy Layout) (Ward 3) is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Alagu Nagar (Venkikdusamy Layout) (Ward 3) has changed

The guideline value for Alagu Nagar (Venkikdusamy Layout) has seen several revisions over the years. In 2012, the guideline value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 99% rise. The most recent revision in 2024 set the guideline value at Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi, there are a total of 536 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is the same as the current value for Alagu Nagar (Venkikdusamy Layout).

• Akshatham: Rs 1,075 per sq.ft (2024)
• Ameer Saibu Street (Ward 11): Rs 1,035 per sq.ft (2024)
• Ammaniammal Colony (Ward 20): Rs 1,040 per sq.ft (2024)
• Amman Nagar (Ward 20): Rs 1,040 per sq.ft (2024)
• Amman Nagar (Ward 6): Rs 1,055 per sq.ft (2024)
• Aasriar Colony (Ward 14): Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Alagu Nagar (Venkikdusamy Layout) (Ward 3)

For a 1,000 sq.ft plot at the current rate of Rs 1,040 per sq.ft, the guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, totaling Rs 93,600. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alagu Nagar (Venkikdusamy Layout) (Ward 3)?

The Sub Registrar Office that covers Alagu Nagar (Venkikdusamy Layout) (Ward 3) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kurichi. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value set by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Alagu Nagar (Venkikdusamy Layout)?

The current guideline value of Alagu Nagar (Venkikdusamy Layout) (Ward 3) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Alagu Nagar (Venkikdusamy Layout)?

The land classification for Alagu Nagar (Venkikdusamy Layout) (Ward 3) is Residential Class II Type - I.

Where is the Sub Registrar Office located for Alagu Nagar (Venkikdusamy Layout)?

The Sub Registrar Office for Alagu Nagar (Venkikdusamy Layout) is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for property transactions in Alagu Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,40,000, the stamp duty would be Rs 72,800.