Guideline Value for AYYAPPA NAGAR

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar, located in Chinnavedampatty, is Rs 1,105 per sq.ft, effective from 1 July 2024. This area falls under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Ayyappa Nagar has changed

The guideline value for Ayyappa Nagar has seen significant changes over the years. In the 2012 revision, the value was Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in 2017, showing a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 199%. The most recent revision in 2024 raised the guideline value to Rs 1,105 per sq.ft, which is an 11% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 121%.

Guideline values in Chinnavedampatty.

In total, there are 144 streets in Chinnavedampatty under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,095 per sq.ft, placing Ayyappa Nagar's 2024 figure above that median.

• Azhagu Nagar: Rs 1,095 per sq.ft (2024)
• Bagiyam Layout: Rs 1,095 per sq.ft (2024)
• Bajanai Koil Veethi: Rs 1,090 per sq.ft (2024)
• Balaji Nagar: Rs 1,105 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 per sq.ft (2024)
• Arumuga Layout: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,105 per sq.ft, the guideline value amounts to Rs 11,05,000. The stamp duty at 7% would be Rs 77,350, and the registration fee at 2% would be Rs 22,100, totaling Rs 99,450. It is important to note that 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 details.

Which Sub Registrar Office covers Ayyappa Nagar?

The Sub Registrar Office that covers Ayyappa Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chinnavedampatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 1,105 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 500 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2024, marking an overall increase of 121% over the years.

What are the other streets in Chinnavedampatty with their guideline values?

Other streets in Chinnavedampatty include Azhagu Nagar and Bagiyam Layout, both at Rs 1,095 per sq.ft, and Balaji Nagar, which is also at Rs 1,105 per sq.ft.

How is stamp duty calculated in Ayyappa Nagar?

Stamp duty in Ayyappa Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,05,000, the stamp duty would be Rs 77,350.

Where can I find the Sub Registrar Office for Ayyappa Nagar?

The Sub Registrar Office for Ayyappa Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.