Guideline Value for Aavarankattu ValasuLogiya Street

Aavarankattu ValasuLogiya Street guideline value

The current guideline value of Aavarankattu ValasuLogiya 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 Aavarankattu ValasuLogiya Street has changed

The guideline value for Aavarankattu ValasuLogiya Street has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 350 per sq.ft, marking a 17% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 74%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and the current 2024 figure.

Guideline values in Modakkurucchi

In Modakkurucchi, 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 for these streets is Rs 200 per sq.ft, positioning Aavarankattu ValasuLogiya Street above this median with its current value of Rs 350 per sq.ft.

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

Stamp duty and registration fee for property in Aavarankattu ValasuLogiya 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, charged at 7%, would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aavarankattu ValasuLogiya Street?

The Aavarankattu ValasuLogiya Street falls under the Avalpoondurai Sub Registrar Office, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District. You can find your SRO for additional information.

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

The guideline value is a critical factor in 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 during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the appropriate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aavarankattu ValasuLogiya Street?

The current guideline value of Aavarankattu ValasuLogiya Street is Rs 350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the registration office for Aavarankattu ValasuLogiya Street?

The registration office for Aavarankattu ValasuLogiya Street is the Avalpoondurai Sub Registrar Office, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District.

What are the other streets in Modakkurucchi with guideline values?

There are several other streets in Modakkurucchi with varying guideline values, ranging from Rs 200 to Rs 821 per sq.ft in 2024. Aavarankattu ValasuLogiya Street is positioned above the median of Rs 200 per sq.ft.

How is stamp duty calculated for properties in Aavarankattu ValasuLogiya Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 350 per sq.ft incurs a total guideline value of Rs 3,50,000, leading to a stamp duty of Rs 24,500.