Guideline Value for Ayyavu Street

Ayyavu Street guideline value

The current guideline value of Ayyavu Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayyavu Street has changed

The guideline value for Ayyavu Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The value then rose dramatically to Rs 1,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,100 per sq.ft. The changes from 2017 to 2023 reflect an increase of 87%, while the jump from 2023 to 2024 is 10%.

There are no figures available for the revisions in 2002 and 2003 for Ayyavu Street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, indicating that Ayyavu Street's 2024 figure is below the median.

• Balasubramaniam Street: Rs 2,240 per sq.ft (2024)
• Balusamy Nagar: Rs 1,100 per sq.ft (2024)
• Bango Street: Rs 1,120 per sq.ft (2024)
• Bhaktavatsalam Street: Rs 1,100 per sq.ft (2024)
• Aruna Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Ayyavu Street?

The Sub Registrar Office that covers Ayyavu Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayyavu Street?

The current guideline value of Ayyavu Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for property in Ayyavu Street?

The stamp duty for property in Ayyavu Street is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Ayyavu Street is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayyavu Street?

The Sub Registrar Office covering Ayyavu Street is the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.