Guideline Value for Alagugoundanvalasu north street

Alagugoundanvalasu north street guideline value

The current guideline value for Alagugoundanvalasu north street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Arachalur village, under the Sivagiri_Erode SRO, and is classified as Residential Class III Type - V.

How the guideline value of Alagugoundanvalasu north street has changed

Over the years, the guideline value for Alagugoundanvalasu north street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 80 per sq.ft. This increased to Rs 54 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, reflecting a 270% increase. The 2023 revision maintained the same rate, and the current value from the 2024 revision remains at Rs 200 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 150%.

Guideline values in Arachalur

Arachalur village has a total of 87 streets under the Sivagiri_Erode SRO, with guideline values ranging from Rs 200 to Rs 360 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the current guideline value for Alagugoundanvalasu north street.

• Alagugoundanvalasu harijana street: Rs 200 per sq.ft (2024)
• Arachaloor Kannaiyar Street: Rs 250 per sq.ft (2024)
• Arachalur Kandankadu colony: Rs 250 per sq.ft (2024)
• Arachalur Kinattur Street: Rs 250 per sq.ft (2024)
• Arachalur Kodumudi main Road: Rs 250 per sq.ft (2024)
• Arachalur Main street pooshariur: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Alagugoundanvalasu north street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, making the total Rs 18,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alagugoundanvalasu north street?

The Alagugoundanvalasu north street falls under the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arachalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alagugoundanvalasu north street?

The current guideline value of Alagugoundanvalasu north street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 150%. Notably, there was a significant rise of 270% from 2017 to 2023.

What is the land classification for Alagugoundanvalasu north street?

Alagugoundanvalasu north street is classified as Residential Class III Type - V. This classification is important for understanding the zoning and usage of the land.

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

The Sub Registrar Office covering Alagugoundanvalasu north street is the Sivagiri_Erode SRO, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.

How is stamp duty calculated for properties in Arachalur?

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 2,00,000, the stamp duty at 7% would be Rs 14,000.