Guideline Value for Ayyan Valasu Colony (703/6,11,13)

Ayyan Valasu Colony (703/6,11,13) guideline value

The current guideline value of Ayyan Valasu Colony (703/6,11,13) is Rs 200 per sq.ft. This property is located in Salangapalayam village, under the Kavundapadi SRO, and is classified as Residential Class III Type - V.

How the guideline value of Ayyan Valasu Colony (703/6,11,13) has changed

The guideline value for Ayyan Valasu Colony has undergone several revisions over the years. In 2002, the guideline value was Rs 6 per sq.ft, which increased to Rs 7 per sq.ft in 2003. The value saw a significant rise to Rs 15 per sq.ft in 2007, followed by an increase to Rs 100 per sq.ft in 2012. The 2017 revision marked a substantial jump to Rs 67 per sq.ft. The most recent revisions in 2023 and 2024 both set the guideline value at Rs 200 per sq.ft.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +17%. The rise from 2003 to 2007 was +114%. The value then increased by +567% from 2007 to 2012, but decreased by -33% from 2012 to 2017. The jump from 2017 to 2023 was +199%, and from 2023 to 2024, there was no change, remaining at +0%. Overall, from 2002 to 2024, the guideline value increased by +3233%.

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 guideline value for these streets is Rs 226 per sq.ft, placing Ayyan Valasu Colony's 2024 figure below this median.

• Ayyan Valasu (700/2): Rs 226 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 Colony (703/6,11,13)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Valasu Colony (703/6,11,13)?

The Ayyan Valasu Colony is covered by 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 is an essential factor in property transactions in Salangapalayam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's worth.

When a property is sold, the sale price and the guideline value are compared, and the higher amount is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Ayyan Valasu Colony?

The current guideline value of Ayyan Valasu Colony (703/6,11,13) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 6 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of +3233%.

What is the classification of land in Ayyan Valasu Colony?

Ayyan Valasu Colony is classified as Residential Class III Type - V, which indicates its designated use for residential purposes.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Ayyan Valasu Colony located?

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