Guideline Value for Chullikaddu Main Street

Chullikaddu Main Street guideline value

The current guideline value of Chullikaddu Main Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Aval Poondurai village, under the Avalpoondurai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chullikaddu Main Street has changed

The guideline value for Chullikaddu Main Street has undergone significant changes over the years. In 2003, the guideline value was Rs 15 per sq.ft, which increased to Rs 201 per sq.ft in 2017, marking a substantial rise of 1240%. The value then rose to Rs 300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2100%.

Guideline values in Aval Poondurai

Aval Poondurai village has 50 streets under the Avalpoondurai SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 440 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, making Chullikaddu Main Street's 2024 figure of Rs 330 per sq.ft above that median.

• Cholipalayam Main street: Rs 225 per sq.ft (2024)
• CholiPalayam Harijan Street: Rs 225 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 Chullikaddu Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chullikaddu Main Street?

The Sub Registrar Office that covers Chullikaddu Main 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 when registering property transactions in Aval Poondurai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official value set by the registration department.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of this value, as it influences the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value of Chullikaddu Main Street?

The current guideline value of Chullikaddu Main Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 15 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, showing an overall increase of 2100% over this period.

What is the land classification for Chullikaddu Main Street?

Chullikaddu Main Street is classified as Residential Class I Type - I.

Where can I find the Avalpoondurai Sub Registrar Office?

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

How is the stamp duty calculated for properties in Chullikaddu Main Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000, leading to stamp duty and registration fees based on this amount.