Guideline Value for Ayyan Thottam

Ayyan Thottam guideline value

The current guideline value of Ayyan Thottam is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village and falls under the Kavundapadi SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Ayyan Thottam has changed

The guideline value for Ayyan Thottam has seen several revisions over the years. In the 2007 revision, the value was Rs 106 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 466% rise. However, the value decreased to Rs 402 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and the same value was carried forward to the 2024 revision, resulting in no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Ayyan Thottam. Overall, from 2007 to 2024, the guideline value has increased by 466%.

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. The median value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Ayyan Thottam.

• Ayyan Valasu: Rs 250 per sq.ft (2024)
• Ayyampalayam Road: Rs 400 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Ayyan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyan Thottam?

The Sub Registrar Office covering Ayyan Thottam 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 crucial factor when buying or selling property in Kavundapadi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process. It is advisable for potential buyers and sellers to familiarize themselves with the guideline value to understand their financial obligations better.

Frequently asked questions

What is the current guideline value of Ayyan Thottam?

The current guideline value of Ayyan Thottam is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, followed by a decrease to Rs 402 per sq.ft in 2017. The value remained at Rs 600 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Ayyan Thottam?

Ayyan Thottam is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Sub Registrar Office for Ayyan Thottam located?

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

How is stamp duty calculated for properties in Ayyan Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.