Guideline Value for Ayothiyanagar 2nd Street

Ayothiyanagar 2nd Street guideline value

The current guideline value of Ayothiyanagar 2nd Street is Rs 708 per sq.ft. This street is located in Mannarai village, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayothiyanagar 2nd Street has changed

The guideline value for Ayothiyanagar 2nd Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 124 per sq.ft. This increased to Rs 350 per sq.ft in 2012, marking a rise of 182%. However, the value then dropped to Rs 234 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions in 2023 and 2024 both set the value at Rs 708 per sq.ft, showing a significant increase of 203% from 2017.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 471%.

Guideline values in Mannarai

In Mannarai village, there are 90 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,200 per sq.ft. The median guideline value is Rs 708 per sq.ft, which is the same as the current value for Ayothiyanagar 2nd Street.

• AyothiyaNagar 1st street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 3rd street: Rs 708 per sq.ft (2024)
• AyothiyaNagar: 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 708 per sq.ft, the guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total to Rs 63,720. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayothiyanagar 2nd Street?

The Ayothiyanagar 2nd Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannarai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is documented at a value recognized by the government.

When a property is sold, the guideline value helps determine the amount of tax payable. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ayothiyanagar 2nd Street?

The current guideline value of Ayothiyanagar 2nd Street is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 124 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, marking an overall increase of 471% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 and the registration fee would be Rs 14,160, totaling Rs 63,720.

Which Sub Registrar Office covers Ayothiyanagar 2nd Street?

The Tiruppur Joint II Sub Registrar Office covers Ayothiyanagar 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Ayothiyanagar 2nd Street?

Ayothiyanagar 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.