Guideline Value for AYYASAMY NAGAR COLONY THIRD STREET

Ayyasamy Nagar Colony Third Street guideline value

The current guideline value of Ayyasamy Nagar Colony Third Street is Rs 448 per sq.ft. 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 Third Street has changed

The guideline value for Ayyasamy Nagar Colony Third Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, followed by an increase to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 448 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a 12% increase, with the latest revision marking a 12% rise from the previous year.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which aligns with the current guideline value of Ayyasamy Nagar Colony Third Street.

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

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

Which Sub Registrar Office covers Ayyasamy Nagar Colony Third Street?

The Ayyasamy Nagar Colony Third Street is covered by 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 when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ayyasamy Nagar Colony Third 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 increased to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What are the other streets in Kangeyam with similar guideline values?

Other streets in Kangeyam with similar guideline values include Ayyasamy Nagar Colony Second Street, Fourth Street, First Street, and Fifth Street, all at Rs 448 per sq.ft in 2024.

What fees are associated with buying property in Ayyasamy Nagar Colony Third Street?

When buying property in Ayyasamy Nagar Colony Third Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find more information by visiting the appropriate link.