Guideline Value for AYYASAMYNAGAR COLONY FIFTH STREET

Ayyasamynagar Colony Fifth Street guideline value

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

How the guideline value of Ayyasamynagar Colony Fifth Street has changed

The guideline value for Ayyasamynagar Colony Fifth Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 400 per sq.ft. This 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 currently stands at Rs 448 per sq.ft from the 2024 revision. The changes between these revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a 12% increase from 2023 to 2024.

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 seen a 12% increase, with the current rate aligning with the median value of Rs 448 per sq.ft for streets in Kangeyam.

Guideline values in Kangeyam

In Kangeyam, there are 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 value is Rs 448 per sq.ft, which is the same as the current guideline value for Ayyasamynagar Colony Fifth Street.

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

Stamp duty and registration fee for property in Ayyasamynagar Colony Fifth 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 fees to Rs 40,320. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ayyasamynagar Colony Fifth Street?

The Ayyasamynagar Colony Fifth Street falls under 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 is a crucial factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher amount between the guideline value and the sale price. This ensures that the transaction is recorded accurately and legally, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ayyasamynagar Colony Fifth Street?

The current guideline value of Ayyasamynagar Colony Fifth 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 significantly, with the 2012 figure at Rs 400 per sq.ft, dropping to Rs 268 per sq.ft in 2017, and rising to Rs 448 per sq.ft in 2024.

What is the land classification for Ayyasamynagar Colony Fifth Street?

Ayyasamynagar Colony Fifth Street is classified as Residential Class II Type - I.

How is stamp duty calculated for properties in Ayyasamynagar Colony Fifth Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 4,48,000, leading to a stamp duty of Rs 31,360.

Which office handles registrations for Ayyasamynagar Colony Fifth Street?

The Kangeyam Sub Registrar Office handles registrations for Ayyasamynagar Colony Fifth Street, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.