Guideline Value for Ayyasamay Koil Street

Ayyasamay Koil Street guideline value

The current guideline value of Ayyasamay Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Ayyasamay Koil Street has changed

The guideline value for Ayyasamay Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 1,600 per sq.ft, and the latest 2024 revision has set it at Rs 1,800 per sq.ft.

Between the revisions, there have been significant changes. From 2017 to 2023, the guideline value increased by 49%. The value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value is Rs 1,800 per sq.ft, which is the same as the current value for Ayyasamay Koil Street.

• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Big Bazaar Street (South Side) Lane: Rs 3,900 per sq.ft (2024)
• Big Bazaar Street (South Side) Main: Rs 5,600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamay Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. 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 Ayyasamay Koil Street?

The Sub Registrar Office that covers Ayyasamay Koil Street is 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 Ward-3

The guideline value is a crucial factor during property registration in Ward-3. It serves as a benchmark for determining the minimum price at which a property can be sold, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ayyasamay Koil Street?

The current guideline value of Ayyasamay Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 1,600 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024. The value was previously Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What is the registration fee for property in Ayyasamay Koil Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 18,00,000, the registration fee at 2% would be Rs 36,000.

Which office handles the registration for Ayyasamay Koil Street?

The Coimbatore North Joint 1 Sub Registrar Office handles the registration for Ayyasamay Koil Street, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Ward-3?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration process.