Guideline Value for Ayyan Kovil Street (372/4)

Ayyan Kovil Street (372/4) guideline value

The current guideline value of Ayyan Kovil Street (372/4) is Rs 326 per sq.ft. This street is located in Kanjikoil village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ayyan Kovil Street (372/4) has changed

The guideline value for Ayyan Kovil Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 44 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2012, marking a 355% rise. The value continued to rise to Rs 218 per sq.ft in 2017, which is a 9% increase from the previous revision. The 2023 revision maintained the value at Rs 326 per sq.ft, which was unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 50%, bringing the value to Rs 326 per sq.ft. Overall, from the 2007 figure to the current 2024 figure, the guideline value has increased by 641%.

Guideline values in Kanjikoil

Kanjikoil has 50 streets under the Kavundapadi SRO with a 2024 guideline value ranging from Rs 200 to Rs 326 per sq.ft. The median value among these streets is Rs 226 per sq.ft, placing Ayyan Kovil Street (372/4) above this median.

• Ayyanvalasu road (372/4): Rs 226 per sq.ft (2024)
• Ayyaparapu Main Road (960/2,8): Rs 200 per sq.ft (2024)
• Avinashi lingapuram (234/4b): Rs 226 per sq.ft (2024)
• Balachandrapuram Main Road (426/1,3): Rs 200 per sq.ft (2024)
• Arrumaikarar Street (372/4): Rs 226 per sq.ft (2024)
• Arayankattu Street (372/4): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Kovil Street (372/4)

For a 1,000 sq.ft plot at the current guideline value of Rs 326 per sq.ft, the total guideline value would be Rs 3,26,000. The stamp duty at 7% would amount to Rs 22,820, and the registration fee at 2% would be Rs 6,520, bringing the total to Rs 29,340. It is important to 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 precise calculations.

Which Sub Registrar Office covers Ayyan Kovil Street (372/4)?

The Sub Registrar Office that covers Ayyan Kovil Street (372/4) 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 Kanjikoil

The guideline value is used as a basis for calculating stamp duty and registration fees during property transactions in Kanjikoil. When registering a property, the guideline value or the sale price, whichever is higher, is considered for these calculations.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyan Kovil Street (372/4)?

The current guideline value of Ayyan Kovil Street (372/4) is Rs 326 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 44 per sq.ft in 2007 to Rs 326 per sq.ft in 2024, reflecting an overall increase of 641% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,26,000, the stamp duty is Rs 22,820, and the registration fee is Rs 6,520, totaling Rs 29,340.

Which office handles property registrations in Kanjikoil?

The Kavundapadi Sub Registrar Office handles property registrations in Kanjikoil, located on Marutham Nagar Bye-pass Road, Kavundapadi.

What is the median guideline value for streets in Kanjikoil?

The median guideline value for streets in Kanjikoil is Rs 226 per sq.ft, with Ayyan Kovil Street (372/4) being above this median at Rs 326 per sq.ft.