Guideline Value for Alangkadu Thottam

Alangkadu Thottam guideline value

The current guideline value of Alangkadu Thottam is Rs 704 per sq.ft, effective from 1 July 2024. This street is located in Mannarai village, under the Tiruppur Joint II SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Alangkadu Thottam has changed

The guideline value for Alangkadu Thottam has undergone several revisions over the years. The oldest recorded figure is from 2012, where the value was Rs 250 per sq.ft. This increased to Rs 167 per sq.ft in the 2017 revision. However, the most significant change occurred in the 2024 revision, where the value rose to Rs 704 per sq.ft, marking an increase of 322% from the 2017 figure and an overall increase of 182% from the 2012 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. The changes from 2012 to 2017 show a decrease of 33%, while the increase from 2017 to 2024 highlights a substantial rise in the guideline value.

Guideline values in Mannarai

Mannarai village has a total of 90 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 708 per sq.ft, which means that Alangkadu Thottam's 2024 figure is slightly below the median.

• Alangkadu Pudur: Rs 704 per sq.ft (2024)
• Amman Kovil Thottam: Rs 710 per sq.ft (2024)
• Arivozhi Nagar: Rs 710 per sq.ft (2024)
• AyothiyaNagar: Rs 708 per sq.ft (2024)
• AyothiyaNagar 1st street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 2nd Street: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Alangkadu Thottam

For a 1,000 sq.ft plot at the current rate of Rs 704 per sq.ft, the guideline value would be Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, and the registration fee at 2% would be Rs 14,080, resulting in a total of Rs 63,360. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alangkadu Thottam?

The Sub Registrar Office that covers Alangkadu Thottam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Mannarai

The guideline value is a crucial factor in property transactions in Mannarai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value when planning a property transaction, as it can affect the overall costs involved. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Alangkadu Thottam?

The current guideline value of Alangkadu Thottam is Rs 704 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2012 to Rs 704 per sq.ft in 2024, marking an overall increase of 182%.

What is the land classification for Alangkadu Thottam?

Alangkadu Thottam is classified as Residential Class IV Type - II under the guideline value register.

What are the stamp duty and registration fees for properties in Alangkadu Thottam?

For a property valued at Rs 7,04,000, the stamp duty would be Rs 49,280, and the registration fee would be Rs 14,080, totaling Rs 63,360.

Which Sub Registrar Office covers Alangkadu Thottam?

The Tiruppur Joint II Sub Registrar Office covers Alangkadu Thottam, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.