Guideline Value for AaLouthu Palayam Ganthi Street

AaLouthu Palayam Ganthi Street guideline value

The current guideline value of AaLouthu Palayam Ganthi Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Modakkurucchi village and falls under the Avalpoondurai SRO, classified as Commercial Class I Type - I.

How the guideline value of AaLouthu Palayam Ganthi Street has changed

Starting from the 2017 revision, the guideline value for AaLouthu Palayam Ganthi Street was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 saw the value increase further by 10%, bringing it to Rs 440 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise indicates a notable change in the valuation of properties along 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 guideline value in this village is Rs 200 per sq.ft, making the guideline value of AaLouthu Palayam Ganthi Street above the median.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 AaLouthu Palayam Ganthi Street?

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

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

The guideline value plays a crucial role in property transactions in Modakkurucchi. It serves as the benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements and avoid any penalties.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial implications involved in the transaction. This transparency helps maintain a fair process in property dealings.

Frequently asked questions

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

The current guideline value of AaLouthu Palayam Ganthi Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024.

What is the land classification of AaLouthu Palayam Ganthi Street?

AaLouthu Palayam Ganthi Street is classified as Commercial Class I Type - I.

Where can I find the Avalpoondurai Sub Registrar Office?

The Avalpoondurai Sub Registrar Office is located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District.

How is stamp duty calculated for properties in Modakkurucchi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 440 per sq.ft would incur a stamp duty of Rs 30,800.