Guideline Value for AaLouthu Palayam Anna Street

AaLouthu Palayam Anna Street guideline value

The current guideline value of AaLouthu Palayam Anna Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Modakkurucchi village under the Avalpoondurai SRO, classified as Commercial Class I Type - II.

How the guideline value of AaLouthu Palayam Anna Street has changed

The guideline value for AaLouthu Palayam Anna Street has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2023, marking a 200% rise. The latest revision in 2024 set the value at Rs 350 per sq.ft, which is a 17% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 250%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Modakkurucchi

In Modakkurucchi, there are 61 streets under the Avalpoondurai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 821 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making the guideline value of AaLouthu Palayam Anna Street above that median.

• AaLouthu Palayam Bharathiyar Street: Rs 200 per sq.ft (2024)
• AaLouthu Palayam Ganthi Street: Rs 440 per sq.ft (2024)
• Aalankattu Valasu Nehru Street: Rs 350 per sq.ft (2024)
• AaLouthu Palayam Nethaji Street: Rs 200 per sq.ft (2024)
• Aalankattu Valasu Ganthi Street: Rs 440 per sq.ft (2024)
• AaLouthu Palayam Thiruvaluvar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in AaLouthu Palayam Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. Please 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 AaLouthu Palayam Anna Street?

The Sub Registrar Office that covers AaLouthu Palayam Anna Street is the Avalpoondurai Sub Registrar Office, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District, Coimbatore. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Modakkurucchi. It is used to determine the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. Therefore, understanding the guideline value is crucial for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of AaLouthu Palayam Anna Street?

The current guideline value of AaLouthu Palayam Anna Street is Rs 350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 100 per sq.ft to Rs 350 per sq.ft in 2024, marking an overall increase of 250%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which Sub Registrar Office do I need to visit for transactions in this area?

The Avalpoondurai Sub Registrar Office covers AaLouthu Palayam Anna Street, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115.

Where can I find more information about guideline values in Modakkurucchi?

You can find more information about guideline values in Modakkurucchi by checking the respective links for other streets or visiting the Avalpoondurai SRO.