Guideline Value for AYYASAMYNAGAR COLONY SIXTH STREET

Ayyasamynagar Colony Sixth Street guideline value

The current guideline value of Ayyasamynagar Colony Sixth Street is Rs 339 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 - II.

How the guideline value of Ayyasamynagar Colony Sixth Street has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. This figure changed to Rs 167 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, marking an increase of 80%. The most recent revision in 2024 has set the guideline value at Rs 339 per sq.ft, which is an increase of 13% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 36%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO with 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, which means Ayyasamynagar Colony Sixth Street's 2024 figure is below that median.

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

Stamp duty and registration fee for property in Ayyasamynagar Colony Sixth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 339 per sq.ft, the total guideline value amounts to Rs 3,39,000. The stamp duty at 7% would be Rs 23,730, and the registration fee at 2% would be Rs 6,780, making the total cost for these fees Rs 30,510. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyasamynagar Colony Sixth Street?

The Ayyasamynagar Colony Sixth 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 in the registration process when buying or selling property in Kangeyam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Ayyasamynagar Colony Sixth Street is Rs 339 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 339 per sq.ft in 2024, reflecting an overall increase of 36% over this period.

What is the stamp duty rate for property in Ayyasamynagar Colony Sixth Street?

The stamp duty rate for property transactions in Ayyasamynagar Colony Sixth Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kangeyam Sub Registrar Office located?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What are the guideline values of other streets in Kangeyam?

The guideline values of other streets in Kangeyam vary, with rates ranging from Rs 331 to Rs 1,120 per sq.ft. Ayyasamynagar Colony Sixth Street's value is below the median of Rs 448 per sq.ft.