Guideline Value for Ayyappa Avenue

Ayyappa Avenue guideline value

The current guideline value of Ayyappa Avenue in Villankuruchi village, under the Ganapathy SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Ayyappa Avenue has changed

The guideline value for Ayyappa Avenue has seen significant changes over the years. In 2007, the value was Rs 125 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase to Rs 1,000 per sq.ft, followed by a slight rise to Rs 1,006 per sq.ft in the 2024 revision. The register has no figure for the years 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 300%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 199%; and from 2023 to 2024, an increase of 1%. Overall, the guideline value has increased by 705% from 2007 to 2024.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value is Rs 1,008 per sq.ft, making Ayyappa Avenue's 2024 figure below this median.

• Ayyapa Nagar: Rs 1,010 per sq.ft (2024)
• Balaji Nagar: Rs 1,006 per sq.ft (2024)
• Askar Avenue: Rs 1,010 per sq.ft (2024)
• Ashokji Nagar: Rs 1,006 per sq.ft (2024)
• Bankers Colony Phase 2: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,006 per sq.ft, the guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyappa Avenue?

The Ayyappa Avenue area is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Villankuruchi

The guideline value is an essential factor in the registration process when buying or selling property in Villankuruchi. It determines the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyappa Avenue?

The current guideline value of Ayyappa Avenue is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 125 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, with various increases and decreases over the years.

What is the land classification of Ayyappa Avenue?

Ayyappa Avenue is classified as Residential Class I Type - III, which indicates its designation for residential use.

What are the stamp duty and registration fees for properties in Ayyappa Avenue?

For a property valued at Rs 10,06,000, the stamp duty would be Rs 70,420, and the registration fee would be Rs 20,120, totaling Rs 90,540.

Where can I find the Sub Registrar Office for Ayyappa Avenue?

The Sub Registrar Office covering Ayyappa Avenue is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.