Guideline Value for Ayothiyanagar 5th street

Ayothiyanagar 5th street guideline value

The current guideline value for Ayothiyanagar 5th street is Rs 708 per sq.ft, effective from 1 July 2024. This street is located in Mannarai village and 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 5th street has changed

The guideline value for Ayothiyanagar 5th street has undergone several revisions over the years. In 2007, the value was Rs 124 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, there was a significant drop to Rs 234 per sq.ft in 2017. Following this, the value rose dramatically to Rs 708 per sq.ft in both 2023 and 2024, showing an overall increase of 471% from the 2007 figure.

Between the revisions, the most notable change occurred from 2017 to 2023, with a remarkable increase of 203%. The 2023 to 2024 revision saw no change, remaining at Rs 708 per sq.ft. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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 equal to the current value of Ayothiyanagar 5th street.

• Ayothiyanagar 4th street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 3rd street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 2nd Street: Rs 708 per sq.ft (2024)
• AyothiyaNagar 1st 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 5th 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 cost for these fees 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayothiyanagar 5th street?

The Ayothiyanagar 5th 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 an important factor when registering property transactions in Mannarai. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When a buyer or seller engages in a property transaction, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Ayothiyanagar 5th street?

The current guideline value for Ayothiyanagar 5th street is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification for Ayothiyanagar 5th street?

Ayothiyanagar 5th street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Tiruppur Joint II SRO located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 7,08,000, leading to specific fees based on that amount.