Guideline Value for AYYAN NAGAR 1ST STREET

Ayyan Nagar 1st Street guideline value

The current guideline value of Ayyan Nagar 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward - L village under the Tiruppur Joint II SRO and is classified as Commercial Class I Type - I.

How the guideline value of Ayyan Nagar 1st Street has changed

The guideline value for Ayyan Nagar 1st Street has undergone several revisions over the years. In 2007, the value was Rs 315 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 saw the value rise to Rs 1,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft.

From 2017 to 2023, there was a substantial increase of 49%, while the jump from 2023 to 2024 was 10%. Notably, the overall increase from 2007 to 2024 is 249%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Ward - L

In Ward - L, there are 69 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 2,750 per sq.ft. The median guideline value in this ward is Rs 1,000 per sq.ft, placing Ayyan Nagar 1st Street above this median.

• Ayyan Nagar: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 6th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Nagar 1st Street?

The Ayyan Nagar 1st Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - L

The guideline value is a crucial factor when registering property transactions in Ward - L. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Ayyan Nagar 1st Street?

The current guideline value of Ayyan Nagar 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 315 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 249% over these years.

What is the stamp duty rate for properties in Ayyan Nagar 1st Street?

The stamp duty rate for properties in Ayyan Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyan Nagar 1st Street?

The Sub Registrar Office covering Ayyan Nagar 1st Street is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the other streets in Ward - L with the same guideline value?

Other streets in Ward - L, such as Ayyan Nagar 2nd Street, Ayyan Nagar 3rd Street, Ayyan Nagar 4th Street, Ayyan Nagar 5th Street, and Ayyan Nagar 6th Street, also have a guideline value of Rs 1,100 per sq.ft in 2024.