Guideline Value for AYYAVU NAGAR

Ayyavu Nagar guideline value

The current guideline value of Ayyavu Nagar is Rs 718 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Nallur_Tiruppur SRO and is classified as Residential Class I Type - II.

How the guideline value of Ayyavu Nagar has changed

The guideline value for Ayyavu Nagar has seen several revisions over the years. The earliest recorded value was Rs 100 per sq.ft in 2007, which increased significantly to Rs 385 per sq.ft in 2012. However, this value then decreased to Rs 258 per sq.ft in 2017. Following this, the guideline value rose sharply to Rs 700 per sq.ft in 2023, and most recently, it has increased to Rs 718 per sq.ft in 2024, marking a change of +3% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +618%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Veerapandi

In Veerapandi village, there are a total of 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, making Ayyavu Nagar's 2024 figure of Rs 718 per sq.ft slightly above the median.

• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Bhagavathi Nagar: Rs 709 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 718 per sq.ft, the guideline value would be Rs 7,18,000. The stamp duty at 7% would be Rs 50,260, and the registration fee at 2% would be Rs 14,360, making the total Rs 64,620. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyavu Nagar?

The Sub Registrar Office that covers Ayyavu Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Veerapandi. It is used to determine the stamp duty and registration fees that must be paid during the registration of property sales. Buyers and sellers should be aware of the current guideline value to ensure they meet the legal requirements for property transactions.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the applicable fees. It is important to note that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Ayyavu Nagar?

The current guideline value of Ayyavu Nagar is Rs 718 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 718 per sq.ft in 2024, reflecting an overall increase of +618% over the years.

What are the other streets in Veerapandi with their guideline values?

Other streets in Veerapandi include Avinasiyappa Lay Out at Rs 709 per sq.ft, Balaji Nagar at Rs 840 per sq.ft, and Athavan Nagar at Rs 713 per sq.ft, among others.

What are the stamp duty and registration fees for Ayyavu Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 50,260 and the registration fee would be Rs 14,360, totaling Rs 64,620 based on the current guideline value.

Which office handles the registration for Ayyavu Nagar?

The Nallur_Tiruppur Sub Registrar Office handles the registration for Ayyavu Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.