Guideline Value for Avirikkgoundan pudur 566/1

Avirikkgoundan pudur 566/1 guideline value

The current guideline value of Avirikkgoundan pudur 566/1 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Vadugapatti village and falls under the Sivagiri_Erode SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Avirikkgoundan pudur 566/1 has changed

The guideline value for Avirikkgoundan pudur 566/1 has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 29 per sq.ft. It increased to Rs 65 per sq.ft in 2012, followed by a significant rise to Rs 44 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the same value continues into the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 590%. Notably, the increase from 2017 to 2023 was 355%. It is important to mention that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadugapatti

In Vadugapatti, there are 63 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Avirikkgoundan pudur 566/1 aligns with this median.

• AmmanKovil: Rs 200 per sq.ft (2024)
• Amaravathipalayam: Rs 200 per sq.ft (2024)
• Chinnakinathupalayam: Rs 200 per sq.ft (2024)
• Chinna Kinathupalayam 13/1: Rs 200 per sq.ft (2024)
• Elava Natham 1411: Rs 200 per sq.ft (2024)
• Ellakattuvalasu: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Avirikkgoundan pudur 566/1

For a 1,000 sq.ft plot at the current rate, 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, bringing the total to Rs 18,000. 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 information.

Which Sub Registrar Office covers Avirikkgoundan pudur 566/1?

The Sub Registrar Office that covers Avirikkgoundan pudur 566/1 is 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 more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadugapatti. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Avirikkgoundan pudur 566/1?

The current guideline value of Avirikkgoundan pudur 566/1 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 29 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 590% over the years.

What is the land classification for Avirikkgoundan pudur 566/1?

The land classification for Avirikkgoundan pudur 566/1 is Residential Class III Type - V.

Where is the Sub Registrar Office for Avirikkgoundan pudur 566/1 located?

The Sub Registrar Office for Avirikkgoundan pudur 566/1 is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.

How is stamp duty calculated for properties in Vadugapatti?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.