Guideline Value for AYYASAMY NAGAR COLONY MAIN ROAD

Ayyasamy Nagar Colony Main Road guideline value

The current guideline value of Ayyasamy Nagar Colony Main Road is Rs 616 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Ayyasamy Nagar Colony Main Road has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 70 per sq.ft, which significantly increased to Rs 550 per sq.ft in 2012. However, it decreased to Rs 368 per sq.ft in 2017. The value then rose to Rs 550 per sq.ft in 2023 before reaching the current rate of Rs 616 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, notable changes include a remarkable increase of 686% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023 and has increased by 12% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO that carry a 2024 guideline value, ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, placing Ayyasamy Nagar Colony Main Road above this median.

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

Stamp duty and registration fee for property in Ayyasamy Nagar Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 616 per sq.ft, the total guideline value amounts to Rs 6,16,000. The stamp duty at 7% would be Rs 43,120, and the registration fee at 2% would be Rs 12,320, bringing the total to Rs 55,440. 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 Main Road?

The Ayyasamy Nagar Colony Main Road 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 in property transactions in Kangeyam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When selling property, the guideline value helps establish a baseline for the sale price. It ensures that both parties are aware of the minimum value recognized by the authorities, which can influence negotiations and final agreements.

Frequently asked questions

What is the current guideline value of Ayyasamy Nagar Colony Main Road?

The current guideline value of Ayyasamy Nagar Colony Main Road is Rs 616 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 70 per sq.ft in 2007 to Rs 616 per sq.ft in 2024, representing a total increase of 780% over the years.

What are the other streets in Kangeyam and their guideline values?

Other streets in Kangeyam include Ayyasamynagar Colony Fourth Street, Ayyasamy Nagar Colony Second Street, Ayyasamy Nagar Colony First Street, Ayyasamynagar Colony Sixth Street, Ayyasamynagar Colony Fifth Street, and Ayyasamy Nagar Colony Third Street, with guideline values ranging from Rs 339 to Rs 448 per sq.ft in 2024.

What fees are associated with buying property in Ayyasamy Nagar Colony Main Road?

When buying property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyasamy Nagar Colony Main Road?

The Kangeyam Sub Registrar Office covers Ayyasamy Nagar Colony Main Road and is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.