Guideline Value for Ayyavu Chettiar Street

Ayyavu Chettiar Street guideline value

The current guideline value of Ayyavu Chettiar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ward 7 village under the Pollachi SRO and falls under the Residential Class IV Type - III land classification.

How the guideline value of Ayyavu Chettiar Street has changed

The guideline value for Ayyavu Chettiar Street has seen multiple revisions over the years. The earliest recorded figure in the register is from 2002, which was Rs 93 per sq.ft. This value increased to Rs 110 per sq.ft in 2003, marking an 18% rise. By 2007, the guideline value further increased to Rs 140 per sq.ft, reflecting a 27% change. In 2012, the value rose to Rs 280 per sq.ft, showing a 100% increase from the previous revision. However, between 2017 and 2012, the value decreased to Rs 188 per sq.ft, a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 300 per sq.ft in 2023, maintaining the same figure in 2024, indicating no change between these two years. Overall, from 2002 to 2024, the guideline value has increased by 223%.

Guideline values in Ward 7

In Ward 7, there are 40 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,226 per sq.ft, with the median being Rs 300 per sq.ft. Ayyavu Chettiar Street's 2024 figure is equal to this median.

• Asari Street: Rs 300 per sq.ft (2024)
• Annai Anjugam Nagar: Rs 600 per sq.ft (2024)
• Amman Nagar: Rs 350 per sq.ft (2024)
• Amman Kovil Street: Rs 300 per sq.ft (2024)
• Collector Benglow: Rs 300 per sq.ft (2024)
• Dimond City: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayyavu Chettiar Street?

The Sub Registrar Office that covers Ayyavu Chettiar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 7

The guideline value is a crucial factor during the registration of property transactions in Ward 7. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the fees reflect the current market conditions as per the established guidelines.

Frequently asked questions

What is the current guideline value of Ayyavu Chettiar Street?

The current guideline value of Ayyavu Chettiar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 93 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, representing an overall increase of 223% over the years.

What is the registration office for Ayyavu Chettiar Street?

The registration office for Ayyavu Chettiar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How is the stamp duty calculated for properties in Ayyavu Chettiar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 21,000 based on the current guideline value.

What are the other streets in Ward 7 with similar guideline values?

Other streets in Ward 7 with guideline values include Asari Street and Amman Kovil Street, both at Rs 300 per sq.ft, while Annai Anjugam Nagar is at Rs 600 per sq.ft.