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_west village and falls under the Gandhipuram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of B Ayyasamy Nagar has changed

The guideline value for B Ayyasamy Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has further raised the value to Rs 1,065 per sq.ft, marking a 7% increase from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value saw an increase of 87%, and overall, from 2017 to 2024, it has risen by 99%. This highlights the substantial growth in the guideline value over the years.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value of these streets is Rs 1,060 per sq.ft, placing B Ayyasamy Nagar's 2024 figure slightly above the 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 1,050 per sq.ft (2024)
• Bharathi Street (R.G.Pudur): Rs 1,045 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 guideline value of Rs 1,065 per sq.ft, the total 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers B Ayyasamy Nagar?

B Ayyasamy Nagar falls under the jurisdiction of the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

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?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, marking an overall increase of 99%.

What is the land classification for B Ayyasamy Nagar?

B Ayyasamy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for B Ayyasamy Nagar?

The Sub Registrar Office covering B Ayyasamy Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,65,000, leading to a stamp duty of Rs 74,550 and a registration fee of Rs 21,300.