Guideline Value for AYYAN NAGAR 7TH STREET

Ayyan Nagar 7th Street guideline value

The current guideline value of Ayyan Nagar 7th 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, classified as Commercial Class I Type - I.

How the guideline value of Ayyan Nagar 7th Street has changed

The guideline value for Ayyan Nagar 7th Street has seen several revisions over the years. In 2007, the value was set at Rs 285 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this value dropped by 33% to Rs 670 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,100 per sq.ft, reflecting a 10% change from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 286%. The increments between the revisions are notable, with a 251% rise from 2007 to 2012, followed by a 49% increase from 2017 to 2023. The fluctuations in these values highlight the dynamic nature of property valuation in the area.

Guideline values in Ward - L

In Ward - L, there are 69 streets under the Tiruppur Joint II SRO that have a guideline value for 2024, ranging from Rs 701 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, placing Ayyan Nagar 7th Street's 2024 figure above this median.

• Ayyan Nagar 6th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 8th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar Extension 1st Street: Rs 701 per sq.ft (2024)
• Ayyan Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar Extension 2nd Street: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Nagar 7th 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 to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyan Nagar 7th Street?

The Ayyan Nagar 7th Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 during the registration of property transactions in Ward - L. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than fluctuating market prices.

Frequently asked questions

What is the current guideline value of Ayyan Nagar 7th Street?

The current guideline value of Ayyan Nagar 7th 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 significantly, from Rs 285 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024. The most notable increases occurred between 2007 and 2012, and again from 2017 to 2023.

What is the median guideline value in Ward - L?

The median guideline value in Ward - L is Rs 1,000 per sq.ft, with Ayyan Nagar 7th Street's value being above this median.

What are the stamp duty and registration fees for property in Ayyan Nagar 7th Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Ayyan Nagar 7th Street?

The registration for Ayyan Nagar 7th Street is handled by the Tiruppur Joint II Sub Registrar Office, located in Nerupperichchal Village, Tirupur.