Guideline Value for Alwin Nagar

Alwin Nagar guideline value

The current guideline value of Alwin Nagar, located in Puliakulam village under the Peelamedu SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Alwin Nagar has changed

The guideline value for Alwin Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in the 2017 revision. However, the 2023 revision marked a significant increase to Rs 1,100 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,210 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Puliakulam

In Puliakulam, there are 17 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,210 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value for Alwin Nagar.

• Abirami Nagar: Rs 1,210 per sq.ft (2024)
• Byepass Road: Rs 1,210 per sq.ft (2024)
• Indira Nagar: Rs 1,210 per sq.ft (2024)
• K.K.Nagar: Rs 1,210 per sq.ft (2024)
• N.S.Garden: Rs 1,000 per sq.ft (2024)
• Pari Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Alwin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty, charged at 7%, would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for these fees would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For precise calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alwin Nagar?

The Sub Registrar Office that covers Alwin Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, within the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process for property transactions in Puliakulam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value during negotiations, as it influences the final sale price and the associated costs of registration.

Frequently asked questions

What is the current guideline value of Alwin Nagar?

The current guideline value of Alwin Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Alwin Nagar?

Alwin Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers Alwin Nagar?

The Peelamedu Sub Registrar Office covers Alwin Nagar, located at 6/1, Grd Road, Redfields, Coimbatore - 18.