Guideline Value for Ayyasamy Naicker Street (Ward 4)

Ayyasamy Naicker Street (Ward 4) guideline value

The current guideline value of Ayyasamy Naicker Street (Ward 4) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ayyasamy Naicker Street (Ward 4) has changed

The guideline value for Ayyasamy Naicker Street has seen several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,000 per sq.ft in 2023, and the current revision for 2024 has further increased it to Rs 1,040 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased dramatically by 99%. The recent change from 2023 to 2024 reflects a 4% increase, resulting in an overall increase of 39% from 2012 to 2024.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, which is the same as the current guideline value for Ayyasamy Naicker Street.

• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,040 per sq.ft (2024)
• Ayya Gounder Street: Rs 1,035 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)
• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)
• Balaji Nagar (Ward 13): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Naicker Street (Ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, resulting in a total of Rs 93,600. 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Ayyasamy Naicker Street (Ward 4)?

The Sub Registrar Office that covers Ayyasamy Naicker Street (Ward 4) 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 Kurichi

The guideline value serves as a benchmark for property transactions in Kurichi. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

It is crucial for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ayyasamy Naicker Street?

The current guideline value of Ayyasamy Naicker Street (Ward 4) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 revision set at Rs 1,040 per sq.ft, up from Rs 1,000 in 2023, Rs 502 in 2017, and Rs 750 in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Ayyasamy Naicker Street?

The land classification for Ayyasamy Naicker Street (Ward 4) is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ayyasamy Naicker Street?

The registration office for Ayyasamy Naicker Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Ayyasamy Naicker Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,40,000, leading to a stamp duty of Rs 72,800.