Guideline Value for Ayyan Valasu

Ayyan Valasu guideline value

The current guideline value of Ayyan Valasu is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayyan Valasu has changed

The guideline value for Ayyan Valasu has seen several revisions over the years. In 2007, the value was Rs 26 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012, marking an increase of 862%. The value then decreased to Rs 167 per sq.ft in 2017, a reduction of 33%. From 2017 to 2023, the value rose by 50% to Rs 250 per sq.ft, and it has remained unchanged at this rate through the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for Ayyan Valasu. Overall, from 2007 to 2024, the guideline value has increased by 862%.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Ayyan Valasu's 2024 figure below that median.

• Ayyan Thottam: Rs 600 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 Valasu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyan Valasu?

Ayyan Valasu falls under the Kavundapadi Sub Registrar Office located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore. 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 in the registration process of property transactions in Kavundapadi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ayyan Valasu?

The current guideline value of Ayyan Valasu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and has remained at Rs 250 per sq.ft since 2023.

What is the land classification of Ayyan Valasu?

Ayyan Valasu is classified as Residential Class II Type - I.

Where can I find the Kavundapadi Sub Registrar Office?

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

How is stamp duty calculated for property in Ayyan Valasu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 17,500.