Guideline Value for AYYA GOUNDER STREET

Ayya Gounder Street guideline value

The current guideline value of Ayya Gounder Street is Rs 225 per sq.ft, effective from 1 July 2024. This street is located in Othakkalmandapam village under the Kinathukkadavu SRO and is classified as Residential Class I Type - II.

How the guideline value of Ayya Gounder Street has changed

The guideline value for Ayya Gounder Street has seen several revisions over the years. In 2012, the guideline value was Rs 150 per sq.ft, which decreased to Rs 100 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023, and then to Rs 225 per sq.ft in the 2024 revision, marking a 13% increase from the previous year. The overall change from 2012 to 2024 is a 50% increase.

There are no recorded figures for the years 2002, 2003, and 2007 for Ayya Gounder Street. The 2023 revision saw a 100% increase from the 2017 figure, while the 2012 to 2017 period experienced a decrease of 33% in the guideline value.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Ayya Gounder Street's 2024 figure is below this median.

• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)
• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)
• Arijana Colony: Rs 560 per sq.ft (2024)
• Annamar Koil Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Gounder Street

For a 1,000 sq.ft plot at the current rate of Rs 225 per sq.ft, the guideline value amounts to Rs 2,25,000. The stamp duty at 7% would be Rs 15,750, and the registration fee at 2% would be Rs 4,500, totaling Rs 20,250. 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 further calculations.

Which Sub Registrar Office covers Ayya Gounder Street?

Ayya Gounder Street falls under the jurisdiction of the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Othakkalmandapam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayya Gounder Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and is now Rs 225 per sq.ft in 2024.

What is the land classification of Ayya Gounder Street?

Ayya Gounder Street is classified as Residential Class I Type - II.

Where is the Kinathukkadavu Sub Registrar Office located?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is stamp duty calculated for properties in Ayya Gounder Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 20,250.