Guideline Value for Ayyampalayam Nehru Street

Ayyampalayam Nehru Street guideline value

The current guideline value of Ayyampalayam Nehru 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 Nehru Street has changed

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

In terms of percentage changes, the value increased by 317% from the 2007 revision to the 2012 revision, then decreased by 33% from 2012 to 2017. The value rose again by 49% from 2017 to 2023, and there was no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavundapadi

Kavundapadi village has 137 streets under the Kavundapadi SRO, with guideline values for 2024 ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Ayyampalayam Nehru Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in Ayyampalayam Nehru 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, totaling Rs 36,000. It is important to note that 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 details.

Which Sub Registrar Office covers Ayyampalayam Nehru Street?

The Sub Registrar Office that covers Ayyampalayam Nehru Street is 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 a critical factor during the registration process of property transactions in Kavundapadi. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Ayyampalayam Nehru Street?

The current guideline value of Ayyampalayam Nehru 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 returned to Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Kavundapadi?

The median guideline value in Kavundapadi is Rs 600 per sq.ft, with Ayyampalayam Nehru Street's current value being below this median.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value or the sale price, whichever is higher. For a plot valued at Rs 4,00,000, the total registration fee would be Rs 36,000.

Where is the Sub Registrar Office for Ayyampalayam Nehru Street located?

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