Guideline Value for Ayyal Naidu Street

Ayyal Naidu Street guideline value

The current guideline value of Ayyal Naidu Street is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village under the Peelamedu SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Ayyal Naidu Street has changed

The guideline value for Ayyal Naidu Street has seen several revisions over the years. In the 2002 revision, the value was Rs 429 per sq.ft, which increased to Rs 484 per sq.ft in 2003. The value rose modestly by 5% to Rs 507 per sq.ft in 2007. However, there was a significant jump in the 2012 revision, where it reached Rs 2,000 per sq.ft, marking an increase of 294%. The value then decreased by 33% to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023, and finally reaching the current value of Rs 2,300 per sq.ft in the 2024 revision, which is a 15% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 436%. There are no figures available for the revisions in years other than those listed.

Guideline values in Sowripalayam

Sowripalayam village has a total of 186 streets under the Peelamedu SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value is Rs 2,300 per sq.ft, which is equal to the current guideline value of Ayyal Naidu Street.

• Ayyappa Naidu Street (Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Ayyar Road: Rs 2,300 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Avarampalayam Street 4 (Gandhi Nagar): Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 1 & 2: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyal Naidu Street

For a 1,000 sq.ft plot at the current rate of Rs 2,300 per sq.ft, the guideline value would be Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, making the total Rs 2,07,000. It is important to 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Ayyal Naidu Street?

The Sub Registrar Office that covers Ayyal Naidu Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Sowripalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized assessment of property values.

When you register a property, the guideline value will be considered alongside the sale price. The higher of the two will determine the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Ayyal Naidu Street?

The current guideline value of Ayyal Naidu Street is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 429 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 436% across the years.

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

Other streets in Sowripalayam with the same guideline value of Rs 2,300 per sq.ft include Ayyappa Naidu Street (Peelamedu Pudhur) and Ayyar Road.

Where can I find the registration office for Ayyal Naidu Street?

The registration office for Ayyal Naidu Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Ayyal Naidu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,00,000, the stamp duty would be calculated at 7% of that amount.