Guideline Value for AYYAN NAGAR EXTENSION 2ND STREET

Ayyan Nagar Extension 2nd Street guideline value

The current guideline value of Ayyan Nagar Extension 2nd Street is Rs 701 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 Residential Class II Type - II.

How the guideline value of Ayyan Nagar Extension 2nd Street has changed

The guideline value for Ayyan Nagar Extension 2nd Street has seen several revisions over the years. In 2007, the value was Rs 285 per sq.ft, which increased to Rs 575 per sq.ft in 2012. However, it then decreased to Rs 385 per sq.ft in 2017. The value rose significantly to Rs 700 per sq.ft in 2023, and it has now reached Rs 701 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the most notable changes include an increase of 102% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. From 2017 to 2023, there was an increase of 82%, and from 2023 to 2024, the value remained unchanged at +0%. Overall, from 2007 to 2024, the guideline value has increased by 146%.

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, with a median value of Rs 1,000 per sq.ft. Ayyan Nagar Extension 2nd Street's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 701 per sq.ft, the guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, making a total of Rs 63,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayyan Nagar Extension 2nd Street?

The Ayyan Nagar Extension 2nd 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 further details.

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

The guideline value is a crucial factor during property registration in Ward - L. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It is essential to be aware of this value to understand the financial implications of property transactions, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Ayyan Nagar Extension 2nd Street?

The current guideline value of Ayyan Nagar Extension 2nd Street is Rs 701 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 701 per sq.ft in 2024, reflecting an overall increase of 146% over this period.

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 is Rs 49,070 and the registration fee is Rs 14,020, totaling Rs 63,090.

Which Sub Registrar Office should I contact for Ayyan Nagar Extension 2nd Street?

The relevant Sub Registrar Office is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.