Guideline Value for CholiPalayam Harijan Street

CholiPalayam Harijan Street guideline value

The current guideline value of CholiPalayam Harijan Street is Rs 225 per sq.ft, effective from 1 July 2024. This street is located in Aval Poondurai village under the Avalpoondurai SRO, classified as Residential Class II Type - I.

How the guideline value of CholiPalayam Harijan Street has changed

The guideline value for CholiPalayam Harijan Street has undergone significant changes over the years. In the 2003 revision, the value was set at Rs 24 per sq.ft. This increased to Rs 80 per sq.ft in 2017, marking a substantial rise of 233%. The 2023 revision saw the value further increase to Rs 200 per sq.ft, a jump of 150% from the previous figure. The latest revision in 2024 has raised the guideline value to Rs 225 per sq.ft, reflecting a 13% increase from 2023.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 838%. It is important to note that 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 that carry a 2024 guideline value ranging from Rs 225 to Rs 440 per sq.ft. The median value is Rs 225 per sq.ft, which is equal to the 2024 figure for CholiPalayam Harijan Street.

• Cholipalayam Main street: Rs 225 per sq.ft (2024)
• Chullikaddu Main Street: Rs 330 per sq.ft (2024)
• ChenniPalayam Main Street: Rs 225 per sq.ft (2024)
• Erappampalayam Harijan Coloney: Rs 225 per sq.ft (2024)
• Erappampalayam Main Street: Rs 225 per sq.ft (2024)
• Erappampalyam Chottai Street: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in CholiPalayam Harijan Street

For a 1,000 sq.ft plot at the current rate of Rs 225 per sq.ft, the guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, while the registration fee at 2% would be Rs 4,500. Together, these fees would total Rs 20,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CholiPalayam Harijan Street?

The Sub Registrar Office that covers CholiPalayam Harijan 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aval Poondurai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

When a property is registered, the guideline value helps determine the official price at which the property is transacted. This ensures transparency and fairness in property transactions, as it reflects the established value of the property in the market.

Frequently asked questions

What is the current guideline value of CholiPalayam Harijan Street?

The current guideline value of CholiPalayam Harijan Street is Rs 225 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 24 per sq.ft in 2003 to Rs 225 per sq.ft in 2024, reflecting an overall increase of 838% over this period.

What are the stamp duty and registration fees for a property in CholiPalayam Harijan Street?

For a property valued at Rs 2,25,000, the stamp duty would be Rs 15,750 and the registration fee would be Rs 4,500, totaling Rs 20,250.

Which Sub Registrar Office covers CholiPalayam Harijan Street?

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

What is the land classification for CholiPalayam Harijan Street?

CholiPalayam Harijan Street is classified as Residential Class II Type - I, indicating its designation for residential use.