Guideline Value for Ayyampalayam Kamarajar Street

Ayyampalayam Kamarajar Street guideline value

The current guideline value of Ayyampalayam Kamarajar 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 Kamarajar Street has changed

The guideline value for Ayyampalayam Kamarajar 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 the current 2024 revision also holds it at Rs 400 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The value saw a significant rise of 317% from 2007 to 2012, but then a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Kavundapadi

In Kavundapadi, 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, with a median value of Rs 600 per sq.ft. The guideline value for Ayyampalayam Kamarajar Street is below this median.

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

Stamp duty and registration fee for property in Ayyampalayam Kamarajar 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, bringing the total fees to Rs 36,000. 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 details.

Which Sub Registrar Office covers Ayyampalayam Kamarajar Street?

Ayyampalayam Kamarajar Street falls under the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi. 638455, Coimbatore registration zone.

To find your SRO, 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 property transactions in Kavundapadi. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Ayyampalayam Kamarajar Street?

The current guideline value of Ayyampalayam Kamarajar 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 seen various changes, from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What is the stamp duty for property in Ayyampalayam Kamarajar Street?

The stamp duty for a property valued at Rs 4,00,000 is calculated at 7%, which amounts to Rs 28,000. Additionally, the registration fee is 2%, totaling Rs 8,000.

Which office handles registrations for Ayyampalayam Kamarajar Street?

The Kavundapadi Sub Registrar Office handles registrations for Ayyampalayam Kamarajar Street, located at Marutham Nagar Bye-pass Road, Kavundapadi.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the correct fees are paid based on the higher of the guideline value or the sale price.