Guideline Value for Alangiyam Road

Alangiyam Road guideline value

The current guideline value of Alangiyam Road is Rs 800 per sq.ft, effective from 1 July 2024. This road is located in Dharapuram Ward 6 village, under the Dharapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Alangiyam Road has changed

The guideline value for Alangiyam Road has seen several revisions over the years. In 2002, the value was Rs 108 per sq.ft, which increased to Rs 122 per sq.ft in 2003, marking a 13% rise. The next revision in 2012 recorded a value of Rs 725 per sq.ft, a significant increase of 494% from the previous figure. However, this was followed by a decrease to Rs 486 per sq.ft in 2017, reflecting a drop of 33%.

In 2023, the guideline value rose to Rs 726 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has set the value at Rs 800 per sq.ft, a 10% increase from the previous year. It is important to note that the register has no figure for this street in 2007.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO that carry a 2024 guideline value, ranging from Rs 645 to Rs 1,820 per sq.ft. The median value for these streets is Rs 1,330 per sq.ft, indicating that Alangiyam Road's 2024 figure is below that median.

• Ambalakara Street (Pookara Street): Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 1,330 per sq.ft (2024)
• Beemar Agrakaram: Rs 800 per sq.ft (2024)
• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar New Agrakaram: Rs 800 per sq.ft (2024)
• Bharathiyar Street: Rs 1,330 per sq.ft (2024)

Stamp duty and registration fee for property in Alangiyam Road

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alangiyam Road?

The Sub Registrar Office that covers Alangiyam Road is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value is a crucial factor in property transactions in Dharapuram Ward 6. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Alangiyam Road?

The current guideline value of Alangiyam Road is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 108 per sq.ft in 2002 to Rs 800 per sq.ft in 2024, reflecting an overall increase of 641% over the years.

What is the land classification for Alangiyam Road?

Alangiyam Road is classified as Residential Class I Type - I, indicating its suitability for residential developments.

Where is the Sub Registrar Office located?

The Dharapuram Sub Registrar Office is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at the rate of 7%.