Guideline Value for Alagu Nagar

Alagu Nagar guideline value

The current guideline value of Alagu Nagar, located in Ward 4 village under the Pollachi SRO, is Rs 675 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class IV Type - I.

How the guideline value of Alagu Nagar has changed

Since the 2003 revision, the guideline value for Alagu Nagar has increased significantly. In 2003, the value was Rs 185 per sq.ft, which rose to Rs 200 per sq.ft in 2007. The 2012 revision saw a substantial increase to Rs 675 per sq.ft, which remained unchanged until 2017. In 2017, the value was Rs 452 per sq.ft, marking a 49% increase from the previous figure. The guideline value then returned to Rs 675 per sq.ft in 2023 and has remained the same through the 2024 revision.

The most notable change occurred between the 2007 and 2012 revisions, where the value increased by 238%. Overall, from 2003 to 2024, the guideline value has increased by 265%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value is Rs 675 per sq.ft, which is equal to the 2024 guideline value for Alagu Nagar.

• A.K.S.Layout: Rs 420 per sq.ft (2024)
• A.K.Nagar: Rs 675 per sq.ft (2024)
• A.K.Muthukumarasamy Layout: Rs 675 per sq.ft (2024)
• ACMAMill Road: Rs 1,426 per sq.ft (2024)
• Abdhulkam Aasath Street: Rs 1,500 per sq.ft (2024)
• Anbu Nagar: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Alagu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would amount to Rs 47,250, while the registration fee at 2% would be Rs 13,500, bringing the total to Rs 60,750. 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 details.

Which Sub Registrar Office covers Alagu Nagar?

The Sub Registrar Office that covers Alagu Nagar is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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 4

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 4. It determines the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value as per the government’s assessment.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Alagu Nagar?

The current guideline value of Alagu Nagar is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has seen several changes, with the most significant increase occurring between 2007 and 2012, where it rose by 238%. The overall increase from 2003 to 2024 is 265%.

What is the classification of land in Alagu Nagar?

The land classification in Alagu Nagar is Residential Class IV Type - I, which is relevant for determining the guideline value.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Alagu Nagar is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Alagu Nagar?

The Sub Registrar Office for Alagu Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.