Guideline Value for AYYANNAN CHETTIAR STREET

Ayyannan Chettiar Street guideline value

The current guideline value of Ayyannan Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village, under the Kinathukkadavu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ayyannan Chettiar Street has changed

The guideline value for Ayyannan Chettiar Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 167 per sq.ft, marking a drop of 33%. In the following years, the value increased significantly, reaching Rs 250 per sq.ft in 2023, and finally rising to Rs 280 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 12%. The 2023 revision recorded a value of Rs 250 per sq.ft, which was a 50% increase from the Rs 167 per sq.ft in 2017. It should be noted that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median value is Rs 280 per sq.ft, which is equal to the current guideline value of Ayyannan Chettiar Street.

• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)
• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)
• Athayi Chettiar Street: Rs 280 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)
• Arijana Kalani: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyannan Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total cost for these fees to Rs 25,200. 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 Ayyannan Chettiar Street?

The Sub Registrar Office that covers Ayyannan Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chettipalayam

The guideline value is a crucial factor in the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When you buy or sell property, the guideline value helps in assessing the transaction value. The registration office will use this value to calculate the applicable stamp duty and registration fees, which are mandatory for legal recognition of the property transfer.

Frequently asked questions

What is the current guideline value of Ayyannan Chettiar Street?

The current guideline value of Ayyannan Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Ayyannan Chettiar Street?

Ayyannan Chettiar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Ayyannan Chettiar Street?

The Sub Registrar Office for Ayyannan Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ayyannan Chettiar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 19,600.