Guideline Value for AYYAN NAGAR EXTENSION 1ST STREET

Ayyan Nagar Extension 1st Street guideline value

The current guideline value of Ayyan Nagar Extension 1st Street is Rs 701 per sq.ft. This street is located in Ward - L village under the Tiruppur Joint II SRO, classified as Residential Class II Type - II.

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

The guideline value for Ayyan Nagar Extension 1st Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 285 per sq.ft. This increased to Rs 575 per sq.ft in 2012, marking a rise of 102%. However, the value then decreased by 33% to Rs 385 per sq.ft in 2017. From 2017 to 2023, the value experienced a significant increase of 82%, reaching Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 701 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 146%.

Guideline values in Ward - L

In Ward - L, there are 69 streets listed under the Tiruppur Joint II SRO with 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 Extension 1st Street's 2024 value below the median.

• Ayyan Nagar 8th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar Extension 2nd Street: Rs 701 per sq.ft (2024)
• Ayyan Nagar 7th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagarharijan Colony: Rs 701 per sq.ft (2024)
• Ayyan Nagar 6th Street: Rs 1,100 per sq.ft (2024)
• Ayyan Nagar Main Road: Rs 703 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, and the registration fee at 2% would be Rs 14,020, resulting in a total of Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Nagar Extension 1st Street?

The Sub Registrar Office that covers Ayyan Nagar Extension 1st Street is 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 plays a crucial role in property transactions in Ward - L. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must refer to the current guideline value to understand the financial implications of their transactions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as per government standards. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected based on the established guideline values.

Frequently asked questions

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

The current guideline value of Ayyan Nagar Extension 1st Street is Rs 701 per sq.ft, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 285 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, representing an overall increase of 146% over this period.

What is the median guideline value in Ward - L?

The median guideline value for streets in Ward - L is Rs 1,000 per sq.ft, with Ayyan Nagar Extension 1st Street's value below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070, and the registration fee would be Rs 14,020, totaling Rs 63,090.

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

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