Guideline Value for Ayyannan Street Main

Ayyannan Street Main guideline value

The current guideline value of Ayyannan Street Main is Rs 1,700 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 I Type - III.

How the guideline value of Ayyannan Street Main has changed

Over the years, the guideline value of Ayyannan Street Main has seen several revisions. The earliest recorded figure is from 2007, which was Rs 1,100 per sq.ft. This value increased to Rs 1,500 per sq.ft in 2012, marking a 36% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 1,500 per sq.ft in 2023, reflecting a significant increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, representing a 13% increase from the previous year.

The register does not contain figures for the years 2002 and 2003 for Ayyannan Street Main. Overall, from 2007 to 2024, the guideline value has increased by 55%.

Guideline values in Ward-2

In Ward-2, there are 79 streets that have a guideline value for 2024, 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 Main's current guideline value is below this median.

• Ayyannan Street Lane: Rs 1,200 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 Main

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayyannan Street Main?

The Sub Registrar Office that covers Ayyannan Street Main 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ward-2. It determines the minimum value at which properties can be sold and is used to calculate the stamp duty and registration fees applicable during the sale.

Frequently asked questions

What is the current guideline value of Ayyannan Street Main?

The current guideline value of Ayyannan Street Main is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, with various increases and a decrease noted in the intervening years.

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

Other streets in Ward-2 include Ayyannan Street Lane at Rs 1,200 per sq.ft, Bajanai Kovil Lane at Rs 1,300 per sq.ft, and several others, with values ranging up to Rs 2,900 per sq.ft.

What is the registration fee for properties in Ayyannan Street Main?

The registration fee for properties in Ayyannan Street Main is calculated based on the guideline value, with a fee of 2% applicable on the total guideline value.

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

The Sub Registrar Office for Ayyannan Street Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.