Guideline Value for B AYYASAMY NAGAR

B Ayyasamy Nagar guideline value

The current guideline value of B Ayyasamy Nagar is Rs 1,065 per sq.ft, effective from 1 July 2024. This area is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class I Type - I.

How the guideline value of B Ayyasamy Nagar has changed

The guideline value of B Ayyasamy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking an 87% rise. The current guideline value of Rs 1,065 per sq.ft reflects a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 99%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO with a 2024 guideline value range from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, placing B Ayyasamy Nagar's 2024 figure above this median.

• Balakrishna Naidu Colony: Rs 1,055 per sq.ft (2024)
• Balaji Nagar Phase 2 (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balaji Nagar Phase 1 (Kalappatti): Rs 1,065 per sq.ft (2024)
• Balaji Nagar (Kalappatti): Rs 1,065 per sq.ft (2024)
• Bharathi Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Bharathi Street (R.G.Pudur): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in B Ayyasamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,065 per sq.ft, the guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, and the registration fee at 2% would be Rs 21,300, totaling Rs 95,850. 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 details.

Which Sub Registrar Office covers B Ayyasamy Nagar?

B Ayyasamy Nagar falls under the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, 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 KALAPATTY_East

The guideline value is a critical factor during property transactions in KALAPATTY_East, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of B Ayyasamy Nagar?

The current guideline value of B Ayyasamy Nagar is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, reflecting a 99% overall increase.

What is the land classification of B Ayyasamy Nagar?

B Ayyasamy Nagar is classified as Residential Class I Type - I.

Where can I find the registration office for B Ayyasamy Nagar?

The registration office for B Ayyasamy Nagar is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore.

How is stamp duty calculated for properties in B Ayyasamy Nagar?

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 at the current rate would incur a stamp duty of Rs 74,550.