Guideline Value for Avalpoondurai Bharathi Street

Avalpoondurai Bharathi Street guideline value

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

How the guideline value of Avalpoondurai Bharathi Street has changed

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

There are no recorded figures for the years 2002, 2007, and 2012 for Avalpoondurai Bharathi Street.

Guideline values in Aval Poondurai

Aval Poondurai has a total of 50 streets under the Avalpoondurai SRO, with guideline values ranging from Rs 225 to Rs 440 per sq.ft as of 2024. The median guideline value for these streets is Rs 225 per sq.ft, placing Avalpoondurai Bharathi Street above this median.

• AvalPoondurai east 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 Bharathi 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, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avalpoondurai Bharathi Street?

The Sub Registrar Office that covers Avalpoondurai Bharathi 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 Aval Poondurai

When buying or selling property in Aval Poondurai, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost involved in property transactions. Understanding the guideline value can help in budgeting for these additional expenses during the buying or selling process.

Frequently asked questions

What is the current guideline value of Avalpoondurai Bharathi Street?

The current guideline value of Avalpoondurai Bharathi 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 increased from Rs 41 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 973% over this period.

What is the land classification for Avalpoondurai Bharathi Street?

Avalpoondurai Bharathi Street is classified as Commercial Class I Type - I.

Where is the Sub Registrar Office located for this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800.