Guideline Value for Ayyampalayam Road

Ayyampalayam Road guideline value

The current guideline value of Ayyampalayam Road 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 Road has changed

Looking at the historical revisions, the guideline value for Ayyampalayam Road has undergone several changes. In 2007, the value was Rs 96 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions, indicating no change from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 317%.

For the years 2002 and 2003, the register has no figure for this street. From 2017 to 2023, there was a notable increase of 49%, and from 2012 to 2017, the value decreased by 33%. The substantial increase of 317% from 2007 to 2012 reflects a significant shift in the guideline value during that period.

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. Ayyampalayam Road's 2024 figure of Rs 400 per sq.ft is below this median.

• Ayyampalayam Nehru Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Mariamman Kovil Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Kamarajar Street: 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 Road

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 the 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 detailed calculations.

Which Sub Registrar Office covers Ayyampalayam Road?

The Ayyampalayam Road falls under the jurisdiction of 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 is a crucial factor when registering property transactions in Kavundapadi. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, 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 appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyampalayam Road?

The current guideline value of Ayyampalayam Road 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 several times, with the most significant increase being from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012. The value remained at Rs 400 per sq.ft from 2012 to 2017, then decreased to Rs 268 per sq.ft in 2017, and has stayed at Rs 400 per sq.ft since 2023.

What are the other streets in Kavundapadi with the same guideline value?

Several other streets in Kavundapadi have the same guideline value of Rs 400 per sq.ft for 2024, including Ayyampalayam Nehru Street, Ayyampalayam Mariamman Kovil Street, Ayyampalayam Kamarajar Street, and Ayyampalayam Kalaivanar Street.

How is stamp duty calculated for properties in Ayyampalayam Road?

Stamp duty for properties in Ayyampalayam Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

Where can I find the Sub Registrar Office for Ayyampalayam Road?

The Sub Registrar Office covering Ayyampalayam Road is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can also find your SRO online.