Guideline Value for AYYEN NAGAR

Ayyen Nagar guideline value

The current guideline value of Ayyen Nagar, located in Thondamuthur 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 Ayyen Nagar has changed

The guideline value for Ayyen Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 300 per sq.ft, followed by a further increase to Rs 335 per sq.ft in the 2024 revision, which is a 12% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 570%. Notably, the guideline value register has no figures for Ayyen Nagar for the years 2002 and 2003.

Guideline values in Thondamuthur

In Thondamuthur village, there are 51 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 670 per sq.ft. The median value is Rs 335 per sq.ft, which is equal to the current guideline value for Ayyen Nagar.

• BAJANAI KOVIL St: Rs 335 per sq.ft (2024)
• Attukkal Pakuthi: Rs 335 per sq.ft (2024)
• Barpar Colony: Rs 335 per sq.ft (2024)
• Bharathi Colony: Rs 335 per sq.ft (2024)
• Arijana Colony Vandikaranur: Rs 220 per sq.ft (2024)
• Arijana Colony Thoguppu Veedu: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyen Nagar

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, bringing the total cost for these fees to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyen Nagar?

Ayyen Nagar falls under the jurisdiction of 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 Thondamuthur

The guideline value is an essential factor during property transactions in Thondamuthur. It serves as a reference point for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to ensure compliance with local regulations when registering their property.

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the agreed sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyen Nagar?

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions from Rs 50 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, reflecting an overall increase of 570% over this period.

What are the stamp duty and registration fees for property in Ayyen Nagar?

For a property valued at Rs 3,35,000, the stamp duty would be Rs 23,450 and the registration fee would be Rs 6,700, totaling Rs 30,150.

Which office handles registrations for Ayyen Nagar?

The Thondamuthur Sub Registrar Office handles registrations for Ayyen Nagar, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It helps ensure that the appropriate fees are paid based on the higher of the guideline value or the sale price.