Guideline Value for Ayyannan Street Lane

Ayyannan Street Lane guideline value

The current guideline value of Ayyannan Street Lane is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Ayyannan Street Lane has changed

The guideline value for Ayyannan Street Lane has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 33% rise. However, it then dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,200 per sq.ft, reflecting a 20% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 60%.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,800 per sq.ft, with a median value of Rs 1,800 per sq.ft. Ayyannan Street Lane's 2024 figure of Rs 1,200 per sq.ft is below this median.

• Ayyannan Street Main: Rs 1,700 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,300 per sq.ft (2024)
• Baskara Naidu Lane 1: Rs 2,100 per sq.ft (2024)
• Baskara Naidu Lane 2: Rs 2,100 per sq.ft (2024)
• Bellam Krishnan Chetty Street Lane: Rs 1,800 per sq.ft (2024)
• Bellam Krishnan Chetty Street Main: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyannan Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ayyannan Street Lane?

The Sub Registrar Office that covers Ayyannan Street Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-2

The guideline value is a crucial factor during the registration process when buying or selling property in Ward-2. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are compliant with the local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyannan Street Lane?

The current guideline value of Ayyannan Street Lane is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, reflecting a 60% increase overall. The most recent change was a 20% increase from Rs 1,000 per sq.ft in 2023.

What are the other streets in Ward-2 with their guideline values?

Other streets in Ward-2 include Ayyannan Street Main at Rs 1,700 per sq.ft, Bajanai Kovil Lane at Rs 1,300 per sq.ft, and Baskara Naidu Lane 1 and 2 at Rs 2,100 per sq.ft each, among others.

How is stamp duty calculated for properties in Ayyannan Street Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.

Where can I find the Sub Registrar Office for Ayyannan Street Lane?

The Sub Registrar Office for Ayyannan Street Lane is located at the District Registrar Office on Syryan Church Road, Coimbatore -641001. You can find more information by visiting the relevant link.