Guideline Value for AYYAVU CHETTIAR STREET

Ayyavu Chettiar Street guideline value

The current guideline value of Ayyavu Chettiar Street, located in Chettipalayam village under the Kinathukkadavu SRO, is Rs 280 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Ayyavu Chettiar Street has changed

The guideline value for Ayyavu Chettiar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 250 per sq.ft in the 2023 revision, and finally, it rose to Rs 280 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, there has been an overall increase of 12%. The change from 2017 to 2023 was a notable 50% increase, while the decrease from 2012 to 2017 was 33%.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value is Rs 280 per sq.ft, which is the same as the 2024 figure for Ayyavu Chettiar Street.

• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)
• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)
• Athayi Chettiar Street: Rs 280 per sq.ft (2024)
• Bharathiyar Nagar: Rs 280 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total fees to Rs 25,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Ayyavu Chettiar Street?

The Ayyavu Chettiar Street is covered by the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Chettipalayam, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that the guideline value is used to calculate these fees, which can significantly impact the overall cost of the transaction.

When purchasing or selling property, it is essential to refer to the latest guideline value to ensure compliance with local regulations and to avoid any unexpected financial burdens during the registration process.

Frequently asked questions

What is the current guideline value of Ayyavu Chettiar Street?

The current guideline value of Ayyavu Chettiar Street is Rs 280 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 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification of Ayyavu Chettiar Street?

Ayyavu Chettiar Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Ayyavu Chettiar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 25,200.

Which office handles registrations for Ayyavu Chettiar Street?

The Kinathukkadavu Sub Registrar Office handles registrations for Ayyavu Chettiar Street, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109.