Guideline Value for AYYAN NAGAR 6TH STREET

Ayyan Nagar 6th Street guideline value

The current guideline value of Ayyan Nagar 6th 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 6th Street has changed

The guideline value for Ayyan Nagar 6th Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 285 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 251%. However, the value then decreased to Rs 670 per sq.ft in 2017, representing a decline of 33%. The most recent revisions show that the value was Rs 1,000 per sq.ft in 2023, which increased by 10% to Rs 1,100 per sq.ft in 2024.

There are no recorded figures for the years 2002 and 2003 for Ayyan Nagar 6th Street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

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 for these streets is Rs 1,000 per sq.ft, placing Ayyan Nagar 6th Street above this median.

• Ayyan Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 7th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 8th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar Extension 1st Street: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Nagar 6th 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 to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Nagar 6th Street?

The Ayyan Nagar 6th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Ward - L. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

At the time of registration, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate fees based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Ayyan Nagar 6th Street?

The current guideline value of Ayyan Nagar 6th 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 285 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 286% over the years.

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

Other streets in Ward - L with the same guideline value of Rs 1,100 per sq.ft include Ayyan Nagar 5th Street, Ayyan Nagar 7th Street, Ayyan Nagar 4th Street, Ayyan Nagar 8th Street, and Ayyan Nagar 3rd Street.

What is the registration fee for property in Ayyan Nagar 6th Street?

The registration fee for property in Ayyan Nagar 6th Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 11,00,000, the registration fee would be Rs 22,000.

Where can I find the Sub Registrar Office for Ayyan Nagar 6th Street?

The Sub Registrar Office covering Ayyan Nagar 6th Street is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.