Guideline Value for Ayyavannan Lane

Ayyavannan Lane guideline value

The current guideline value of Ayyavannan Lane in Ramanathapuram village is Rs 1,000 per sq.ft, effective from the 2024 revision. This street falls under the Peelamedu SRO and is classified as Residential Class III Type - III.

How the guideline value of Ayyavannan Lane has changed

The guideline value for Ayyavannan Lane has seen several revisions over the years. In 2002, the value was Rs 150 per sq.ft, which increased to Rs 211 per sq.ft in 2003, marking a 41% rise. The value continued to grow, reaching Rs 225 per sq.ft in 2007, a 7% increase from the previous year. By 2012, the value had risen to Rs 400 per sq.ft, reflecting a significant 78% increase. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then increased substantially to Rs 1,000 per sq.ft in 2023, and it remained the same in the 2024 revision, showing no change.

Overall, from 2002 to 2024, the guideline value has increased by 567%, highlighting the significant changes over these years. There are no figures available for revisions in years other than those specified.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft, with a median value of Rs 1,700 per sq.ft. Ayyavannan Lane's 2024 figure is below this median.

• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Athumedu: Rs 1,000 per sq.ft (2024)
• Aspire: Rs 4,190 per sq.ft (2024)
• Arunachalam Colony: Rs 1,700 per sq.ft (2024)
• Arumuga Nadar Street: Rs 1,700 per sq.ft (2024)
• Arumugam Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavannan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Ayyavannan Lane?

The Sub Registrar Office that covers Ayyavannan Lane is 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 Ramanathapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Ramanathapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Ayyavannan Lane?

The current guideline value of Ayyavannan Lane is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 567% over this period.

What is the land classification for Ayyavannan Lane?

Ayyavannan Lane is classified as Residential Class III Type - III under the guideline value register.

What are the stamp duty and registration fees for property in Ayyavannan Lane?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office located for Ayyavannan Lane?

The Peelamedu Sub Registrar Office, which covers Ayyavannan Lane, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.