Guideline Value for Ayyappa Naidu Street(Peelamedu Pudhur)

Ayyappa Naidu Street(Peelamedu Pudhur) guideline value

The current guideline value of Ayyappa Naidu Street(Peelamedu Pudhur) is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village and falls under the Peelamedu SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ayyappa Naidu Street(Peelamedu Pudhur) has changed

The guideline value for Ayyappa Naidu Street has seen several revisions over the years. In 2002, the rate was Rs 236 per sq.ft, which increased to Rs 267 per sq.ft in 2003. Following this, the value rose significantly to Rs 553 per sq.ft in 2007, and then to Rs 2,000 per sq.ft in 2012. The value dropped to Rs 1,340 per sq.ft in 2017 before increasing to Rs 2,000 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 2,300 per sq.ft.

From 2023 to 2024, the guideline value increased by 15%. The period from 2017 to 2023 saw a substantial increase of 49%. However, the value decreased by 33% from 2012 to 2017. The most significant increase occurred from 2007 to 2012, where the value rose by 262%. Overall, from 2002 to 2024, the guideline value has increased by 875%.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, which is the same as the current value for Ayyappa Naidu Street.

• Ayyar Road: Rs 2,300 per sq.ft (2024)
• Ayyal Naidu Street: Rs 2,300 per sq.ft (2024)
• Baladhandayutham Nagar: Rs 1,350 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Avarampalayam Street 4 (Gandhi Nagar): Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyappa Naidu Street(Peelamedu Pudhur)

For a 1,000 sq.ft plot at the current rate of Rs 2,300 per sq.ft, the guideline value would be Rs 23,00,000. The stamp duty, charged at 7%, would amount to Rs 1,61,000, while the registration fee at 2% would be Rs 46,000. Together, the total cost would be Rs 2,07,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyappa Naidu Street(Peelamedu Pudhur)?

The Peelamedu Sub Registrar Office covers Ayyappa Naidu Street(Peelamedu Pudhur). The office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sowripalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyappa Naidu Street(Peelamedu Pudhur)?

The current guideline value of Ayyappa Naidu Street(Peelamedu Pudhur) is Rs 2,300 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 236 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 875% over this period.

What is the stamp duty for property in Ayyappa Naidu Street(Peelamedu Pudhur)?

The stamp duty for property in Ayyappa Naidu Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.

What are the other streets in Sowripalayam with similar guideline values?

Other streets in Sowripalayam with similar guideline values include Ayyar Road and Ayyal Naidu Street, both at Rs 2,300 per sq.ft in 2024.