Guideline Value for Ayothiyanagar 3rd street

Ayothiyanagar 3rd street guideline value

The current guideline value of Ayothiyanagar 3rd street is Rs 708 per sq.ft. This street is located in Mannarai village, which falls under the Tiruppur Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ayothiyanagar 3rd street has changed

The guideline value for Ayothiyanagar 3rd street has seen several revisions over the years. The earliest recorded value was Rs 124 per sq.ft in 2007, which increased to Rs 350 per sq.ft in 2012. However, there was a significant drop to Rs 234 per sq.ft in 2017. The value then rose sharply to Rs 708 per sq.ft in both the 2023 and 2024 revisions, indicating a 203% increase from 2017 to 2023 and a stable rate from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 471%. The consistent value of Rs 708 per sq.ft in the last two revisions reflects stability in the current guideline value for Ayothiyanagar 3rd street.

Guideline values in Mannarai

In Mannarai, 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 value is Rs 708 per sq.ft, which is the same as the guideline value for Ayothiyanagar 3rd street.

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

Stamp duty and registration fee for property in Ayothiyanagar 3rd street

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, and the registration fee at 2% would be Rs 14,160, bringing the total fees together to Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayothiyanagar 3rd street?

The Ayothiyanagar 3rd street falls under 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 is a crucial factor when registering property in Mannarai. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ayothiyanagar 3rd street?

The current guideline value of Ayothiyanagar 3rd 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 changed from Rs 124 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, marking an overall increase of 471% since then.

What are the other streets in Mannarai with the same guideline value?

Other streets in Mannarai with the same guideline value of Rs 708 per sq.ft include Ayothiyanagar 1st, 2nd, 4th, and 5th streets, as well as AyothiyaNagar.

What fees are associated with buying property in Ayothiyanagar 3rd street?

When buying property, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,720.

Which office handles the registration for Ayothiyanagar 3rd street?

The Tiruppur Joint II Sub Registrar Office handles the registration for Ayothiyanagar 3rd street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.