Guideline Value for AYYAVUCHETTIAR VEETHI

Ayyavuchettiar Veethi guideline value

The current guideline value of Ayyavuchettiar Veethi is Rs 832 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ayyavuchettiar Veethi has changed

The guideline value for Ayyavuchettiar Veethi has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 750 per sq.ft, and the most recent 2024 revision has further increased it to Rs 832 per sq.ft.

In summary, the changes between revisions show an increase of 49% from 2017 to 2023, followed by an increase of 11% from 2023 to 2024. Overall, from 2012 to 2024, there has been an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

In Kangeyam village, there are 202 streets under the Kangeyam SRO with a guideline value range for 2024 from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, placing Ayyavuchettiar Veethi's 2024 figure above this median.

• Ayyavumuthaliar Sandhu: Rs 832 per sq.ft (2024)
• Ayyasamy Nagar Colony Third Street: Rs 448 per sq.ft (2024)
• Ayyasamynagar Colony Sixth Street: Rs 339 per sq.ft (2024)
• Ayyasamy Nagar Colony Second Street: Rs 448 per sq.ft (2024)
• Ayyasamy Nagar Colony Main Road: Rs 616 per sq.ft (2024)
• Ayyasamynagar Colony Fourth Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavuchettiar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 832 per sq.ft, the total guideline value would be Rs 8,32,000. The stamp duty at 7% would amount to Rs 58,240, and the registration fee at 2% would be Rs 16,640, making the total cost for these fees Rs 74,880. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyavuchettiar Veethi?

The Sub Registrar Office that covers Ayyavuchettiar Veethi is 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 property transactions in Kangeyam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The higher of the guideline value and the sale price will be considered for calculating these fees.

When registering a property, it is essential to be aware of the guideline value as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayyavuchettiar Veethi?

The current guideline value of Ayyavuchettiar Veethi is Rs 832 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 832 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 11%.

What is the land classification of Ayyavuchettiar Veethi?

Ayyavuchettiar Veethi is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for a property in Ayyavuchettiar Veethi?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 74,880.

Which office handles the registration for Ayyavuchettiar Veethi?

The registration for Ayyavuchettiar Veethi is handled by the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.