Guideline Value for AYYAVU NAGER

Ayyavu Nager guideline value

The current guideline value of Ayyavu Nager, located in Vedapatti village under the Thondamuthur SRO, is Rs 335 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Ayyavu Nager has changed

The guideline value for Ayyavu Nager has seen several revisions over the years. The 2007 revision set the value at Rs 110 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The 2023 revision raised the value to Rs 300 per sq.ft, and the most recent 2024 revision has further increased it to Rs 335 per sq.ft, reflecting a change of +12% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +205%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vedapatti

In Vedapatti, there are 48 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 140 to Rs 1,790 per sq.ft. The median value for these streets is Rs 220 per sq.ft, making Ayyavu Nager's 2024 figure of Rs 335 per sq.ft notably above that median.

• Arul Kamachi Nagar: Rs 220 per sq.ft (2024)
• Bhasiyam Naidu Lane: Rs 140 per sq.ft (2024)
• Annga Pannadi St: Rs 220 per sq.ft (2024)
• Annai Indira St: Rs 220 per sq.ft (2024)
• Angppa Pannadi St: Rs 335 per sq.ft (2024)
• Chennathembi Gounder St: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, totaling Rs 30,150. It is important to note that the 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 details.

Which Sub Registrar Office covers Ayyavu Nager?

The Ayyavu Nager area is covered by the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Vedapatti. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value. This helps in the assessment of stamp duties and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures transparency and helps avoid undervaluation of properties. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ayyavu Nager?

The current guideline value of Ayyavu Nager is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 110 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, representing an overall increase of +205% over the years.

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

The stamp duty for a property in Ayyavu Nager is 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would amount to Rs 30,150.

Which Sub Registrar Office covers Ayyavu Nager?

Ayyavu Nager is covered by the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

What is the land classification of Ayyavu Nager?

Ayyavu Nager falls under the Residential Class I Type - II land classification, which is important for determining its usage and development potential.