Guideline Value for Ayya Gounder Street

Ayya Gounder Street guideline value

The current guideline value of Ayya Gounder Street is Rs 1,035 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Ayya Gounder Street has changed

The guideline value for Ayya Gounder Street has seen significant changes over the years. In 2003, the guideline value was Rs 104 per sq.ft, which increased to Rs 160 per sq.ft in 2007. Following this, the value surged to Rs 600 per sq.ft in 2012, before dropping to Rs 402 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and then to Rs 1,035 per sq.ft in 2024, marking a 4% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 895%. Notably, the register has no figure for Ayya Gounder Street in 2002.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, placing Ayya Gounder Street's 2024 figure slightly below this median.

• Ayyappa Nagar: Rs 1,040 per sq.ft (2024)
• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)
• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)
• Auditor Street (Ward 10): Rs 1,040 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Ayya Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value amounts to Rs 10,35,000. The stamp duty at 7% would be Rs 72,450, and the registration fee at 2% would be Rs 20,700, bringing the total fees to Rs 93,150. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayya Gounder Street?

The Sub Registrar Office that covers Ayya Gounder Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO here.

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

The guideline value is essential during the registration process of property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is crucial to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers should ensure that the sale price is at least equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Ayya Gounder Street?

The current guideline value of Ayya Gounder Street is Rs 1,035 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 104 per sq.ft in 2003 to Rs 1,035 per sq.ft in 2024, marking an overall increase of 895% over this period.

What is the land classification for Ayya Gounder Street?

Ayya Gounder Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in Ayya Gounder Street?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 10,35,000, the total fees would amount to Rs 93,150.

Where is the Sub Registrar Office for Ayya Gounder Street located?

The Sub Registrar Office for Ayya Gounder Street is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.