Guideline Value for Ayyampalayam Kalaivanar Street

Ayyampalayam Kalaivanar Street guideline value

The current guideline value of Ayyampalayam Kalaivanar Street is Rs 400 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 I Type - III.

How the guideline value of Ayyampalayam Kalaivanar Street has changed

The guideline value for Ayyampalayam Kalaivanar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 96 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, it then decreased to Rs 268 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 400 per sq.ft, and this remains unchanged in the 2024 revision.

From the 2017 to 2023 revision, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 317%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavundapadi

In Kavundapadi village, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Ayyampalayam Kalaivanar Street's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000 for these charges. It is essential to note that 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 precise calculations.

Which Sub Registrar Office covers Ayyampalayam Kalaivanar Street?

The Ayyampalayam Kalaivanar Street falls under the jurisdiction of 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 plays a crucial role in property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyampalayam Kalaivanar Street?

The current guideline value of Ayyampalayam Kalaivanar Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft from 2023 to 2024.

What is the land classification for Ayyampalayam Kalaivanar Street?

Ayyampalayam Kalaivanar Street is classified as Residential Class I Type - III.

Where can I find the registration office for Ayyampalayam Kalaivanar Street?

The registration office for Ayyampalayam Kalaivanar Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ayyampalayam Kalaivanar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 4,00,000, leading to a stamp duty of Rs 28,000 at 7%.