Guideline Value for Ayyappa Nagar

Ayyappa Nagar guideline value

The current guideline value of Ayyappa Nagar, located in Kurichi village under the Coimbatore North Joint 1 SRO, is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Ayyappa Nagar has changed

The guideline value for Ayyappa Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 87 per sq.ft. This increased to Rs 160 per sq.ft in 2007, marking an increase of 84%. The value then rose significantly to Rs 750 per sq.ft in 2012, which was a 369% increase. However, in 2017, the value dropped to Rs 502 per sq.ft, reflecting a decrease of 33%. The next revision in 2023 saw the value rise to Rs 1,000 per sq.ft, a substantial increase of 99%. Finally, the current revision in 2024 has set the value at Rs 1,040 per sq.ft, a 4% increase from the previous year.

It is important to note that the register has no figure for Ayyappa Nagar for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1,095%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,040 per sq.ft, which is equal to the guideline value of Ayyappa Nagar for 2024.

• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)
• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayya Gounder Street: Rs 1,035 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)
• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)
• Auditor Street (Ward 10): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total cost for these fees to Rs 93,600. 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 Ayyappa Nagar?

The Ayyappa Nagar area falls under 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 Kurichi

The guideline value plays a crucial role when buying or selling property in Kurichi. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers must ensure that the guideline value is considered, as it directly impacts the overall cost of the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the required fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyappa Nagar?

The current guideline value of Ayyappa Nagar is Rs 1,040 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 87 per sq.ft in 2003 to Rs 1,040 per sq.ft in 2024, reflecting an overall increase of 1,095% over the years.

What is the classification of land in Ayyappa Nagar?

Ayyappa Nagar is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

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

The Sub Registrar Office covering Ayyappa Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How are stamp duty and registration fees calculated in Ayyappa Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur fees totaling Rs 93,600.