Guideline Value for Avalpoondurai South Street

Avalpoondurai South Street guideline value

The current guideline value of Avalpoondurai South Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Aval Poondurai village and falls under the Avalpoondurai SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Avalpoondurai South Street has changed

The guideline value for Avalpoondurai South Street has seen significant changes over the years. In 2003, the guideline value was Rs 36 per sq.ft, which increased to Rs 268 per sq.ft in 2017, marking a substantial rise of 644%. By the 2023 revision, the value further increased to Rs 400 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 440 per sq.ft, which is a 10% increase from 2023.

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

Guideline values in Aval Poondurai

Aval Poondurai village has 50 streets under the Avalpoondurai SRO carrying a 2024 guideline value, ranging from Rs 225 to Rs 440 per sq.ft. The median value for these streets is Rs 225 per sq.ft, positioning Avalpoondurai South Street above this median.

• Avalpoondurai north street: Rs 440 per sq.ft (2024)
• AvalPoondurai east street: Rs 440 per sq.ft (2024)
• Avalpoondurai Bharathi 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 South 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, and the registration fee at 2% would be Rs 8,800, resulting in a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avalpoondurai South Street?

The Sub Registrar Office that covers Avalpoondurai South 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

The guideline value is a crucial factor during the registration process when buying or selling property in Aval Poondurai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. This ensures transparency in property transactions and aids in the proper documentation of ownership changes.

Frequently asked questions

What is the current guideline value of Avalpoondurai South Street?

The current guideline value of Avalpoondurai South 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 significantly, from Rs 36 per sq.ft to Rs 440 per sq.ft in 2024, which represents an overall increase of 1122%.

What are the stamp duty and registration fees for property in Avalpoondurai South Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 39,600 based on the current guideline value.

Which office handles property registrations for Avalpoondurai South Street?

The Avalpoondurai Sub Registrar Office is responsible for property registrations in Avalpoondurai South Street, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115.

What is the land classification of Avalpoondurai South Street?

Avalpoondurai South Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.