Guideline Value for Ayyavu Gounder Street (Ward 10)

Ayyavu Gounder Street (Ward 10) guideline value

The current guideline value of Ayyavu Gounder Street (Ward 10) is Rs 1,030 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Ayyavu Gounder Street (Ward 10) has changed

The guideline value for Ayyavu Gounder Street has undergone several revisions over the years. In 2012, the value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 232%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 saw a further increase of 3%, resulting in the current value of Rs 1,030 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 129%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO with 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, placing Ayyavu Gounder Street's 2024 figure below that median.

• Ayyasamy Naicker Street (Ward 4): Rs 1,040 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 Ayyavu Gounder Street (Ward 10)

For a 1,000 sq.ft plot at the current rate of Rs 1,030 per sq.ft, the guideline value would be Rs 10,30,000. The stamp duty at 7% would be Rs 72,100, and the registration fee at 2% would be Rs 20,600, totaling Rs 92,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ayyavu Gounder Street (Ward 10)?

The Sub Registrar Office that covers Ayyavu Gounder Street (Ward 10) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kurichi, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

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

Frequently asked questions

What is the current guideline value of Ayyavu Gounder Street (Ward 10)?

The current guideline value of Ayyavu Gounder Street (Ward 10) is Rs 1,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 450 per sq.ft to Rs 1,030 per sq.ft in 2024, marking an overall increase of 129% over this period.

What is the stamp duty rate for properties in Ayyavu Gounder Street?

The stamp duty for properties in Ayyavu Gounder Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Ayyavu Gounder Street?

The Coimbatore North Joint 1 Sub Registrar Office covers Ayyavu Gounder Street, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What are the other streets in Kurichi with similar guideline values?

Several other streets in Kurichi have guideline values around Rs 1,030 per sq.ft, including Ayyasamy Naicker Street, Ayyappa Nagar, and Ayya Gounder Street, all of which are also under the Coimbatore North Joint 1 SRO.