Guideline Value for Aalankattu Valasu Ganthi Street

Aalankattu Valasu Ganthi Street guideline value

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

How the guideline value of Aalankattu Valasu Ganthi Street has changed

The guideline value for Aalankattu Valasu Ganthi Street has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 raised the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Modakkurucchi

In Modakkurucchi village, there are 61 streets under the Avalpoondurai SRO with a 2024 guideline value ranging from Rs 200 to Rs 821 per sq.ft. The median value is Rs 200 per sq.ft, placing Aalankattu Valasu Ganthi Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Aalankattu Valasu Ganthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Aalankattu Valasu Ganthi Street?

The Sub Registrar Office that covers Aalankattu Valasu Ganthi Street is the Avalpoondurai Sub Registrar Office, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District, Coimbatore registration zone. 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 the registration process when buying or selling property in Modakkurucchi. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Aalankattu Valasu Ganthi Street?

The current guideline value of Aalankattu Valasu 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 changed 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. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Aalankattu Valasu Ganthi Street?

Aalankattu Valasu Ganthi Street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for a property in this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for this street?

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