Guideline Value for Ayyampalayam Harijan Colony

Ayyampalayam Harijan Colony guideline value

The current guideline value of Ayyampalayam Harijan Colony is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village under the Kavundapadi SRO, classified as Residential Class II Type - I.

How the guideline value of Ayyampalayam Harijan Colony has changed

The guideline value for Ayyampalayam Harijan Colony has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 26 per sq.ft. This value saw a significant increase to Rs 250 per sq.ft in the 2012 revision, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft. The value then rose to Rs 250 per sq.ft in 2023, and has remained the same in the 2024 revision.

From 2007 to 2012, the guideline value increased by 862%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 50% from 2017 to 2023, before remaining stable into 2024. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kavundapadi

Kavundapadi village has a total of 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 the village is Rs 600 per sq.ft, placing Ayyampalayam Harijan Colony's current value below this median.

• Ayyampalayam Cross Street No/1: Rs 250 per sq.ft (2024)
• Ayyampalayam Barathi Street: Rs 400 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 Harijan Colony

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 cost of duty and registration fees to Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Ayyampalayam Harijan Colony?

The Ayyampalayam Harijan Colony is covered by the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Kavundapadi, as it determines the minimum value at which properties can be registered. 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, which are mandatory for legal ownership transfer. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ayyampalayam Harijan Colony?

The current guideline value of Ayyampalayam Harijan Colony is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 26 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then dropping to Rs 167 per sq.ft in 2017, and returning to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Kavundapadi?

The median guideline value in Kavundapadi village is Rs 600 per sq.ft, with Ayyampalayam Harijan Colony's value being below this median.

What are the stamp duty and registration fees for properties in Ayyampalayam Harijan Colony?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Which office handles property registrations in Ayyampalayam Harijan Colony?

The Kavundapadi Sub Registrar Office handles property registrations for Ayyampalayam Harijan Colony, located at Marutham Nagar Bye-pass Road, Kavundapadi.