Guideline Value for Ayyan Valasu (700/2)

Ayyan Valasu (700/2) guideline value

The current guideline value of Ayyan Valasu (700/2) is Rs 226 per sq.ft, effective from 1 July 2024. This property is located in Salangapalayam village, under the Kavundapadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ayyan Valasu (700/2) has changed

Over the years, the guideline value of Ayyan Valasu (700/2) has seen significant changes. In 2002, the guideline value was Rs 11 per sq.ft, which increased to Rs 13 per sq.ft in 2003, marking an 18% rise. The value then rose to Rs 26 per sq.ft in 2007, reflecting a 100% increase. A substantial jump occurred between 2007 and 2012, where the value reached Rs 200 per sq.ft, a remarkable 669% increase. However, from 2012 to 2017, the value decreased to Rs 134 per sq.ft, showing a decline of 33%. The guideline value then increased to Rs 226 per sq.ft in 2023, which remained the same in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1955%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value is Rs 226 per sq.ft, which is equal to the guideline value of Ayyan Valasu (700/2).

• Ayyan Valasu Colony (703/6,11,13): Rs 200 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)
• Avinashi Street (1067/9): Rs 200 per sq.ft (2024)
• Bandara kadu (587/1): Rs 200 per sq.ft (2024)
• Bannari Ammal Kovil Street (244/1.2): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyan Valasu (700/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total cost for these fees to Rs 20,340. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyan Valasu (700/2)?

The Sub Registrar Office covering Ayyan Valasu (700/2) 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 Salangapalayam

The guideline value plays a crucial role in property transactions in Salangapalayam. It is the minimum value set by the government for property registration, ensuring that properties are not sold for less than this amount. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This system helps maintain transparency in property transactions and ensures that the government receives its due revenue from property sales. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ayyan Valasu (700/2)?

The current guideline value of Ayyan Valasu (700/2) is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 11 per sq.ft in 2002 to Rs 226 per sq.ft in 2024, marking an overall increase of 1955% across the years.

What is the land classification for Ayyan Valasu (700/2)?

Ayyan Valasu (700/2) is classified as Residential Class I Type - III.

Which office handles the registration for Ayyan Valasu (700/2)?

The registration for Ayyan Valasu (700/2) is handled by the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ayyan Valasu (700/2)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 15,820.