Guideline Value for Ayyan Thottam Gandhi Nagar

Ayyan Thottam Gandhi Nagar guideline value

The current guideline value of Ayyan Thottam Gandhi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This property is located in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ayyan Thottam Gandhi Nagar has changed

The guideline value for Ayyan Thottam Gandhi Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which increased by 10% to Rs 220 per sq.ft in the 2024 revision.

This increase reflects a change in the property valuation in the area. The 2024 figure of Rs 220 per sq.ft is the most current value and indicates a positive adjustment from the previous year.

Guideline values in P. Chettipalayam

P. Chettipalayam has 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median value in this area is Rs 470 per sq.ft, placing Ayyan Thottam Gandhi Nagar's 2024 figure below that median.

• Ayyan Thottam: Rs 220 per sq.ft (2024)
• Ayyasamy Garden: Rs 550 per sq.ft (2024)
• Ayyasamy Naidu Street: Rs 330 per sq.ft (2024)
• Ayyavu Gounder Street: Rs 330 per sq.ft (2024)
• Ayi Gounder Nagar L.O: Rs 780 per sq.ft (2024)
• Badrakaliamman Lane: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Thottam Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total cost for these fees Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ayyan Thottam Gandhi Nagar?

The Ayyan Thottam Gandhi Nagar area is covered by the Coimbatore South Joint 1 Sub Registrar Office. The office is located at No.410a, Raja Street, Coimbatore-641001, within the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor in the registration process when buying or selling property in P. Chettipalayam. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in assessing the legal and financial obligations of both the buyer and the seller. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ayyan Thottam Gandhi Nagar?

The current guideline value of Ayyan Thottam Gandhi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, which is a 10% increase.

What is the classification of land in Ayyan Thottam Gandhi Nagar?

Ayyan Thottam Gandhi Nagar is classified as Residential Class II Type - II, indicating its use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800 for these fees.

Which office handles registrations for Ayyan Thottam Gandhi Nagar?

The Coimbatore South Joint 1 Sub Registrar Office handles registrations for Ayyan Thottam Gandhi Nagar, located at No.410a, Raja Street, Coimbatore-641001.