Guideline Value for Ayyasamy Nagar

Ayyasamy Nagar guideline value

The current guideline value of Ayyasamy Nagar, located in Perianaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ayyasamy Nagar has changed

The guideline value for Ayyasamy Nagar has undergone several revisions over the years. In 2007, the value was Rs 230 per sq.ft, which increased significantly by 96% to Rs 450 per sq.ft in 2012. However, in 2017, the value decreased by 33% to Rs 301 per sq.ft. The 2023 revision saw a substantial increase of 50%, bringing the value to Rs 450 per sq.ft, and the most recent revision in 2024 set the value at Rs 500 per sq.ft, marking an 11% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for Ayyasamy Nagar. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft, with a median value of Rs 440 per sq.ft. Ayyasamy Nagar's guideline value of Rs 500 per sq.ft is above this median.

• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Bagathsingh Nagar Extension: Rs 340 per sq.ft (2024)
• Ayothi Naidu Veethi: Rs 280 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balasundaram Layout: Rs 665 per sq.ft (2024)
• Ashoka Kadai Veethi: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyasamy Nagar?

The Sub Registrar Office that covers Ayyasamy Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perianaickenpalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is considered to establish the minimum value for taxation purposes. This means that the stamp duty will be calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyasamy Nagar?

The current guideline value of Ayyasamy Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the land classification of Ayyasamy Nagar?

Ayyasamy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Ayyasamy Nagar located?

The Sub Registrar Office for Ayyasamy Nagar is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Ayyasamy Nagar?

Stamp duty for properties in Ayyasamy Nagar is 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 a total stamp duty of Rs 35,000.