Guideline Value for Ayothi Naidu Veethi

Ayothi Naidu Veethi guideline value

The current guideline value of Ayothi Naidu Veethi is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ayothi Naidu Veethi has changed

The guideline value for Ayothi Naidu Veethi has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 280 per sq.ft, an increase from Rs 250 per sq.ft in 2023, marking a change of +12%. Prior to that, the 2017 revision recorded a value of Rs 167 per sq.ft, which was a significant increase of +50% from the previous value of Rs 250 per sq.ft in 2012. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by -33%, but overall, from 2012 to 2024, the value has seen a modest increase of +12%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Ayothi Naidu Veethi is below this median.

• Ayyasamy Nagar: Rs 500 per sq.ft (2024)
• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Bagathsingh Nagar Extension: Rs 340 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Ashoka Kadai Veethi: Rs 1,110 per sq.ft (2024)
• Balasundaram Layout: Rs 665 per sq.ft (2024)

Stamp duty and registration fee for property in Ayothi Naidu Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, while the registration fee at 2% would be Rs 5,600, bringing the total cost for these fees to Rs 25,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayothi Naidu Veethi?

The Sub Registrar Office that covers Ayothi Naidu Veethi is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value is an important factor when buying or selling property in Perianaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayothi Naidu Veethi?

The current guideline value of Ayothi Naidu Veethi is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2023 to Rs 280 per sq.ft in 2024, and from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2012. There are no figures for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Perianaickenpalayam?

Other streets in Perianaickenpalayam have varying guideline values, with rates ranging from Rs 220 to Rs 1,670 per sq.ft. For example, Ayyasamy Nagar has a value of Rs 500 per sq.ft, while Ashoka Kadai Veethi is at Rs 1,110 per sq.ft.

What are the stamp duty and registration fees for property in Ayothi Naidu Veethi?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 19,600 and the registration fee would be Rs 5,600, totaling Rs 25,200. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Ayothi Naidu Veethi?

The Periyanayakkan Palayam Sub Registrar Office covers Ayothi Naidu Veethi, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.