Guideline Value for AaLouthu Palayam Nethaji Street

AaLouthu Palayam Nethaji Street guideline value

The current guideline value of AaLouthu Palayam Nethaji Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Modakkurucchi village under the Avalpoondurai SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of AaLouthu Palayam Nethaji Street has changed

In the 2017 revision, the guideline value for AaLouthu Palayam Nethaji Street was Rs 100 per sq.ft. This figure increased to Rs 200 per sq.ft in the 2023 revision, marking a 100% increase. The 2024 revision also maintains the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, there has been a 100% increase in the guideline value.

Guideline values in Modakkurucchi

In Modakkurucchi, there are 61 streets under the Avalpoondurai SRO, with guideline values for 2024 ranging from Rs 200 to Rs 821 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for AaLouthu Palayam Nethaji Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Nethaji Street?

The Sub Registrar Office that covers AaLouthu Palayam Nethaji 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 is a crucial factor in property transactions in Modakkurucchi, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the calculation of stamp duty and registration fees.

When a property is sold, the registration office uses the guideline value to assess the applicable duties. This ensures that the transaction is documented accurately and that the government receives the correct revenue from property sales.

Frequently asked questions

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

The current guideline value of AaLouthu Palayam Nethaji Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and it remains at Rs 200 per sq.ft in 2024. Overall, there has been a 100% increase in the guideline value from 2017 to 2024.

What is the land classification for AaLouthu Palayam Nethaji Street?

AaLouthu Palayam Nethaji Street is classified under Residential Class I Type - I. This classification indicates its suitability for residential development.

Which office handles property registration for this street?

The Avalpoondurai Sub Registrar Office handles property registration for AaLouthu Palayam Nethaji Street. It 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 higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 200 per sq.ft, the total for a 1,000 sq.ft plot would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.