Guideline Value for AYYAN NAGAR

Ayyan Nagar guideline value

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

How the guideline value of Ayyan Nagar has changed

Over the years, the guideline value of Ayyan Nagar has seen significant changes. The 2007 revision set the value at Rs 315 per sq.ft, which then increased to Rs 1,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 670 per sq.ft in 2017. The subsequent revisions saw an increase, with the 2023 revision at Rs 1,000 per sq.ft, and the latest 2024 revision now at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was substantial at 217%. Overall, the guideline value has increased by 249% from 2007 to 2024. The register has no 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, with a median value of Rs 1,000 per sq.ft. Ayyan Nagar's 2024 figure of Rs 1,100 per sq.ft is above this median.

• Ayyan Nagar 1st Street: 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

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 cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Nagar?

The Ayyan Nagar area is covered by 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 details.

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

When buying or selling property in Ward - L, the guideline value is a crucial factor that determines the stamp duty and registration fees payable. It serves as a reference point for the valuation of the property, ensuring that the transaction is registered at a fair value as per government regulations.

The guideline value is assessed periodically and reflects the market conditions and land classification. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty is charged based on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of Ayyan Nagar?

The current guideline value of Ayyan Nagar 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 315 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 249% over the years.

What is the land classification for Ayyan Nagar?

Ayyan Nagar is classified under Commercial Class I Type - I land classification.

Where is the Tiruppur Joint II Sub Registrar Office located?

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

How are stamp duty and registration fees calculated in Ayyan Nagar?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are based on the higher of the guideline value or the sale price of the property.