Guideline Value for AYYASAMY NAGAR COLONY SECOND STREET

Ayyasamy Nagar Colony Second Street guideline value

The current guideline value of Ayyasamy Nagar Colony Second Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayyasamy Nagar Colony Second Street has changed

The guideline value for Ayyasamy Nagar Colony Second Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 400 per sq.ft. This figure was followed by a decrease to Rs 268 per sq.ft in 2017. The value then increased significantly to Rs 400 per sq.ft in 2023, and further rose to Rs 448 per sq.ft in the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 12% increase, resulting in an overall change of 12% from 2012 to 2024.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO that have a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft, with the median value being Rs 448 per sq.ft. Ayyasamy Nagar Colony Second Street's 2024 figure matches this median value.

• Ayyasamy Nagar Colony Main Road: Rs 616 per sq.ft (2024)
• Ayyasamynagar Colony Sixth Street: Rs 339 per sq.ft (2024)
• Ayyasamynagar Colony Fourth Street: Rs 448 per sq.ft (2024)
• Ayyasamy Nagar Colony Third Street: Rs 448 per sq.ft (2024)
• Ayyasamy Nagar Colony First Street: Rs 448 per sq.ft (2024)
• Ayyasamynagar Colony Fifth Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Nagar Colony Second Street

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total charges to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyasamy Nagar Colony Second Street?

The Ayyasamy Nagar Colony Second Street falls under the jurisdiction of the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is sold, the guideline value is assessed to calculate the applicable fees. Buyers must ensure they are aware of the guideline value, as it affects the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ayyasamy Nagar Colony Second Street?

The current guideline value of Ayyasamy Nagar Colony Second Street is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification of Ayyasamy Nagar Colony Second Street?

Ayyasamy Nagar Colony Second Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 4,48,000, the stamp duty would be Rs 31,360 and the registration fee would be Rs 8,960, totaling Rs 40,320.

Which office handles registrations for Ayyasamy Nagar Colony Second Street?

The Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, is responsible for handling registrations for Ayyasamy Nagar Colony Second Street.