Guideline Value for Ayyar Street 31

Ayyar Street 31 guideline value

The current guideline value of Ayyar Street 31 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyakodiveri village under the Thookanaicken Palayam SRO, and it falls under the Residential Class III Type - V land classification.

How the guideline value of Ayyar Street 31 has changed

The guideline value for Ayyar Street 31 has seen several revisions over the years. The earliest recorded value was Rs 20 per sq.ft in 2003, which increased to Rs 35 per sq.ft in 2007. Following that, the value rose significantly to Rs 150 per sq.ft in 2012, but then decreased to Rs 100 per sq.ft in 2017. The value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2003 to 2024, the guideline value has increased by 900%. The changes between revisions include a 75% increase from 2003 to 2007, a 329% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 100% increase from 2017 to 2023. The 2024 revision maintains the figure established in 2023.

Guideline values in Periyakodiveri

In Periyakodiveri, there are 19 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 225 per sq.ft, with the median being Rs 200 per sq.ft. Ayyar Street 31's 2024 figure aligns with this median.

• Bharathi Street 126 (1TO43): Rs 200 per sq.ft (2024)
• Akrakara Street 271: Rs 200 per sq.ft (2024)
• Devantharan Street 91 (5): Rs 200 per sq.ft (2024)
• Kallipatti Street (251/1,3): Rs 200 per sq.ft (2024)
• Kamarajar Street 126/1 to 43, 129/1 to 13, 262: Rs 200 per sq.ft (2024)
• Mariamman Koil Street (148/1,3,4, 232): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyar Street 31

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Ayyar Street 31?

Ayyar Street 31 falls under the jurisdiction of the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a critical role during the registration of property transactions in Periyakodiveri. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ayyar Street 31?

The current guideline value of Ayyar Street 31 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, with various increases and one decrease along the way. Notably, there was a 100% increase from 2017 to 2023, and the value has remained the same since then.

What is the registration fee for property in Ayyar Street 31?

The registration fee for property in Ayyar Street 31 is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the total registration fee would be Rs 18,000, which includes stamp duty and registration fees.

Which office handles the registration for Ayyar Street 31?

The Thookanaicken Palayam Sub Registrar Office handles the registration for Ayyar Street 31. It is located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone.

What is the land classification for Ayyar Street 31?

Ayyar Street 31 falls under the Residential Class III Type - V land classification. This classification is important for determining the usage and development potential of the land.