Guideline Value for AvalPoondurai east street

AvalPoondurai east street guideline value

The current guideline value of AvalPoondurai east street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Aval Poondurai village, under the Avalpoondurai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of AvalPoondurai east street has changed

The guideline value for AvalPoondurai east street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 41 per sq.ft. This increased dramatically to Rs 268 per sq.ft in 2017, marking a rise of 554%. The 2023 revision set the value at Rs 400 per sq.ft, a 49% increase from 2017. The most recent 2024 revision raised it further to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street.

Guideline values in Aval Poondurai

Aval Poondurai village has a total of 50 streets under the Avalpoondurai SRO, with 2024 guideline values ranging from Rs 225 to Rs 440 per sq.ft. The median guideline value in the village is Rs 225 per sq.ft, placing AvalPoondurai east street above this median.

• Avalpoondurai Bharathi Street: Rs 440 per sq.ft (2024)
• Avalpoondurai north street: Rs 440 per sq.ft (2024)
• Avalpoondurai South Street: Rs 440 per sq.ft (2024)
• Avapoondurai Eswarankovil Street: Rs 440 per sq.ft (2024)
• ChenniPalayam Main Street: Rs 225 per sq.ft (2024)
• CholiPalayam Harijan Street: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in AvalPoondurai east street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, together totaling Rs 39,600. It is important to note that the 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 AvalPoondurai east street?

The AvalPoondurai east street is covered by 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 Aval Poondurai

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

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the official rates set by the government. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of AvalPoondurai east street?

The current guideline value of AvalPoondurai east street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 41 per sq.ft to Rs 440 per sq.ft in 2024, which is an overall increase of 973%.

What is the land classification for AvalPoondurai east street?

AvalPoondurai east street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for property in AvalPoondurai east street?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, leading to a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for AvalPoondurai east street?

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