Guideline Value for Ayyavu Udayar Lane

Ayyavu Udayar Lane guideline value

The current guideline value of Ayyavu Udayar Lane is Rs 560 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Ayyavu Udayar Lane has changed

Over the years, the guideline value for Ayyavu Udayar Lane has seen significant changes. The 2007 revision set the value at Rs 100 per sq.ft, which increased dramatically to Rs 500 per sq.ft in 2012, marking a 400% rise. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, a drop of 33%. The value then rose to Rs 500 per sq.ft in 2023, followed by a further increase to Rs 560 per sq.ft in the 2024 revision, representing a 12% increase from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 460%. The latest figure of Rs 560 per sq.ft reflects the current valuation as per the Registration Department's guideline value register (TNReginet).

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value, ranging from Rs 280 to Rs 1,400 per sq.ft. The median value for these streets is Rs 784 per sq.ft, placing Ayyavu Udayar Lane's 2024 figure below that median.

• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)
• Balagurunadha Jothidar Street: Rs 784 per sq.ft (2024)
• Attali Veerappathevar Nagar: Rs 784 per sq.ft (2024)
• Athavannan Lane: Rs 560 per sq.ft (2024)
• Bank Karuppanath thevar Nagar First street: Rs 784 per sq.ft (2024)
• Bank Karuppannath thevar Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyavu Udayar Lane

For a 1,000 sq.ft plot at the current rate of Rs 560 per sq.ft, the guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, and the registration fee at 2% would be Rs 11,200, totaling Rs 50,400. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyavu Udayar Lane?

The Ayyavu Udayar Lane falls under the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions in Sulur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes. Buyers and sellers must consider this value when negotiating sale prices to comply with legal requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the agreed sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ayyavu Udayar Lane?

The current guideline value of Ayyavu Udayar Lane is Rs 560 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, representing an overall increase of 460%.

What are the stamp duty and registration fees for properties in Ayyavu Udayar Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 50,400, based on the current rates.

Which Sub Registrar Office is responsible for Ayyavu Udayar Lane?

The Sulur Sub Registrar Office covers Ayyavu Udayar Lane, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the land classification of Ayyavu Udayar Lane?

Ayyavu Udayar Lane is classified as Residential Class I Type - I, indicating its suitability for residential development.