Guideline Value for Aalankattu Valasu Nehru Street

Aalankattu Valasu Nehru Street guideline value

The current guideline value of Aalankattu Valasu Nehru Street is Rs 350 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 - II.

How the guideline value of Aalankattu Valasu Nehru Street has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 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 74%. 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 is Rs 200 per sq.ft, indicating that Aalankattu Valasu Nehru Street's 2024 figure is above this median.

• Aalankattu Valasu Ganthi Street: Rs 440 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 Nehru Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 31,500. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aalankattu Valasu Nehru Street?

The Sub Registrar Office that covers Aalankattu Valasu Nehru 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 during the registration process of property transactions in Modakkurucchi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid.

When buying or selling property, the guideline value ensures that the transaction is documented according to the established rates, which helps maintain transparency in property dealings.

Frequently asked questions

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

The current guideline value of Aalankattu Valasu Nehru Street is Rs 350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, reflecting an overall increase of 74% over this period.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 31,500, based on the current guideline value of Rs 3,50,000.

Which office handles property registrations for this street?

The Avalpoondurai Sub Registrar Office handles property registrations for Aalankattu Valasu Nehru Street, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115.

Are there other streets in Modakkurucchi with different guideline values?

Yes, there are several other streets in Modakkurucchi with varying guideline values, ranging from Rs 200 to Rs 821 per sq.ft in 2024.