Guideline Value for Aiyaswamy Lay out

Aiyaswamy Lay out guideline value

The current guideline value of Aiyaswamy Lay out in Ward 5 village, Pollachi SRO, is Rs 911 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Aiyaswamy Lay out has changed

The guideline value for Aiyaswamy Lay out has seen several revisions over the years. Starting from Rs 473 per sq.ft in 2002, it increased to Rs 543 per sq.ft in 2003, marking a 15% rise. In 2007, the value further increased to Rs 605 per sq.ft, which was an 11% change. The value then rose to Rs 910 per sq.ft in 2012, representing a 50% increase. However, it decreased to Rs 610 per sq.ft in 2017, reflecting a 33% drop. The value remained at Rs 911 per sq.ft in both 2023 and 2024, indicating no change between these two years. Overall, from 2002 to 2024, the guideline value has increased by 93%.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, and Aiyaswamy Lay out's 2024 figure is below this median.

• Arumugam Lay out / Nagar (A.K.Pani Gardens): Rs 911 per sq.ft (2024)
• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)

Stamp duty and registration fee for property in Aiyaswamy Lay out

For a 1,000 sq.ft plot at the current guideline value of Rs 911 per sq.ft, the total guideline value amounts to Rs 9,11,000. The stamp duty at 7% would be Rs 63,770, and the registration fee at 2% would be Rs 18,220, bringing the total cost to Rs 81,990. Please 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 Aiyaswamy Lay out?

The Sub Registrar Office that covers Aiyaswamy Lay out is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is a crucial factor when registering property in Ward 5. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value serves as a benchmark for calculating the associated costs. Buyers must be aware that the stamp duty and registration fees are based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Aiyaswamy Lay out?

The current guideline value of Aiyaswamy Lay out is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 473 per sq.ft in 2002 to Rs 911 per sq.ft in 2024, reflecting an overall increase of 93% over this period.

What is the land classification for Aiyaswamy Lay out?

Aiyaswamy Lay out is classified as Residential Special Type - IV, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Aiyaswamy Lay out?

The Sub Registrar Office for Aiyaswamy Lay out is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How do I calculate the stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a plot of 1,000 sq.ft at Rs 911 per sq.ft, the total guideline value is Rs 9,11,000, leading to a total cost of Rs 81,990 for stamp duty and registration fees combined.