Guideline Value for AyothiyaNagar

AyothiyaNagar guideline value

The current guideline value of AyothiyaNagar, located in Mannarai village under the Tiruppur Joint II SRO, is Rs 708 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of AyothiyaNagar has changed

The guideline value for AyothiyaNagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 350 per sq.ft. This increased to Rs 234 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 203%, bringing it back to Rs 708 per sq.ft, which remained unchanged through the 2023 revision to the 2024 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 102%, now standing at Rs 708 per sq.ft as per the 2024 revision.

Guideline values in Mannarai

Mannarai village has a total of 90 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 700 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 708 per sq.ft, which is equal to the current value of AyothiyaNagar.

• AyothiyaNagar 1st street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 2nd Street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 3rd street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 4th street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 5th street: Rs 708 per sq.ft (2024)
• Arivozhi Nagar: Rs 710 per sq.ft (2024)

Stamp duty and registration fee for property in AyothiyaNagar

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, while the registration fee at 2% would be Rs 14,160, making the total cost for these fees Rs 63,720. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AyothiyaNagar?

The Sub Registrar Office that covers AyothiyaNagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Mannarai

The guideline value plays a crucial role in the registration process of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is taken into account for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AyothiyaNagar?

The current guideline value of AyothiyaNagar is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then it increased to Rs 708 per sq.ft in 2023 and remained the same in 2024.

What land classification does AyothiyaNagar fall under?

AyothiyaNagar falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for AyothiyaNagar?

The Sub Registrar Office for AyothiyaNagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 63,720.