Guideline Value for Ayyar Road

Ayyar Road guideline value

The current guideline value of Ayyar Road in Sowripalayam village, under the Peelamedu SRO, is Rs 2,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Ayyar Road has changed

The guideline value for Ayyar Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 429 per sq.ft. In 2003, it increased slightly to Rs 484 per sq.ft, followed by a small rise to Rs 507 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 2,000 per sq.ft, but this was followed by a decline to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,300 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value increased by 13% from 2002 to 2003, and by 5% from 2003 to 2007. The jump from 2007 to 2012 was substantial at 294%. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and the most recent change from 2023 to 2024 reflects an increase of 15%. Overall, from 2002 to 2024, the guideline value has increased by 436%.

Guideline values in Sowripalayam

Sowripalayam features 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The current guideline value of Ayyar Road matches the median value of Rs 2,300 per sq.ft for 2024.

• Ayyappa Naidu Street(Peelamedu Pudhur): 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 Ayyar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyar Road?

The Ayyar Road is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sowripalayam, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for the official documentation of property transfers.

Frequently asked questions

What is the current guideline value of Ayyar Road?

The current guideline value of Ayyar Road 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 from Rs 429 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 436% over the years.

What are the stamp duty and registration fees for property in Ayyar Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 23,00,000, with stamp duty at Rs 1,61,000 and registration fee at Rs 46,000, totaling Rs 2,07,000.

Which Sub Registrar Office covers Ayyar Road?

The Peelamedu Sub Registrar Office covers Ayyar Road, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Ayyar Road?

Ayyar Road is classified as Residential Class III Type - I, which indicates its designation for residential purposes.