Guideline Value for Ayyampalayam Cross Street No/1

Ayyampalayam Cross Street No/1 guideline value

The current guideline value of Ayyampalayam Cross Street No/1 is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayyampalayam Cross Street No/1 has changed

Over the years, the guideline value for Ayyampalayam Cross Street No/1 has seen several revisions. The earliest recorded figure was Rs 26 per sq.ft in 2007. This value increased significantly to Rs 250 per sq.ft in 2012, marking an increase of 862%. However, the value then decreased to Rs 167 per sq.ft in 2017, which was a reduction of 33%. The guideline value remained at Rs 250 per sq.ft in both 2023 and the current 2024 revision, indicating no change between these two years.

The register has no figure for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 862%.

Guideline values in Kavundapadi

Kavundapadi village features 137 streets under the Kavundapadi SRO, with guideline values ranging from Rs 250 to Rs 1,200 per sq.ft as of 2024. The median guideline value in this area is Rs 600 per sq.ft, which means that Ayyampalayam Cross Street No/1's current figure is below this median.

• Ayyampalayam Barathi Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Kalaivanar Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Kamarajar Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Mariamman Kovil Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Nehru Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyampalayam Cross Street No/1

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total additional costs to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more personalized calculations.

Which Sub Registrar Office covers Ayyampalayam Cross Street No/1?

The Sub Registrar Office that covers Ayyampalayam Cross Street No/1 is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is often used as a benchmark for the transaction value.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyampalayam Cross Street No/1?

The current guideline value of Ayyampalayam Cross Street No/1 is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 26 per sq.ft in 2007, rising to Rs 250 per sq.ft in 2012, then decreasing to Rs 167 per sq.ft in 2017, and remaining at Rs 250 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Kavundapadi?

The median guideline value for streets in Kavundapadi is Rs 600 per sq.ft, which is higher than the current value of Ayyampalayam Cross Street No/1.

What are the stamp duty and registration fees for a property in Ayyampalayam Cross Street No/1?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 in additional costs.

Which office handles property registrations for Ayyampalayam Cross Street No/1?

The Kavundapadi Sub Registrar Office handles property registrations for Ayyampalayam Cross Street No/1, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.