Guideline Value for AYYAPPA NAGAR

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar, located in Thottipalayam village under the Thottipalayam SRO, is Rs 1,110 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Ayyappa Nagar has changed

The guideline value for Ayyappa Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,110 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the guideline value increased by 49% from 2017 to 2023. The value then rose by 11% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 806 per sq.ft, making Ayyappa Nagar's 2024 figure of Rs 1,110 per sq.ft above that median.

• Avinashinagar: Rs 703 per sq.ft (2024)
• A.S.A Avenue: Rs 703 per sq.ft (2024)
• Bharathi Nagar: Rs 806 per sq.ft (2024)
• Aninashi Nagar Extension: Rs 703 per sq.ft (2024)
• Angeripalayam East (Near By Nallaru South): Rs 702 per sq.ft (2024)
• Angeripalayam East: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can 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 Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thottipalayam. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is taken into account to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,110 per sq.ft in 2024.

What is the land classification of Ayyappa Nagar?

Ayyappa Nagar falls under the Residential Class I Type - I land classification.

What are the guideline values of other streets in Thottipalayam?

Other streets in Thottipalayam have guideline values ranging from Rs 700 to Rs 2,800 per sq.ft, with the median being Rs 806 per sq.ft.

Where is the Sub Registrar Office for Ayyappa Nagar located?

The Sub Registrar Office for Ayyappa Nagar is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.