Guideline Value for Chinna Ayyavu Thevar Layout

Chinna Ayyavu Thevar Layout guideline value

The current guideline value of Chinna Ayyavu Thevar Layout is Rs 2,200 per sq.ft, effective from 1 July 2024. This layout is located in Ramanathapuram village and falls under the Peelamedu SRO with a land classification of Residential Special Type - II.

How the guideline value of Chinna Ayyavu Thevar Layout has changed

The guideline value for Chinna Ayyavu Thevar Layout has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 218 per sq.ft. This increased to Rs 240 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 314 per sq.ft in 2007, which was a 31% increase from the previous year. The 2012 revision saw a significant jump to Rs 2,000 per sq.ft, reflecting a 537% increase from 2007. However, this value decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%.

In the subsequent years, the guideline value continued to rise. The 2023 revision set the value at Rs 2,000 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 909%.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Chinna Ayyavu Thevar Layout is above this median.

• Cauvery Nagar: Rs 1,650 per sq.ft (2024)
• Dr.Munasamy Nagar: Rs 2,750 per sq.ft (2024)
• East Devendrar Street: Rs 1,000 per sq.ft (2024)
• East pudur: Rs 1,005 per sq.ft (2024)
• Bharathi Nagar (1 to 6): Rs 1,700 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Ayyavu Thevar Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinna Ayyavu Thevar Layout?

The Chinna Ayyavu Thevar Layout is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18 in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ramanathapuram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standard valuation of the property.

When buying or selling property, the guideline value must be considered as it influences the overall cost of the transaction. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate fees for property transactions.

Frequently asked questions

What is the current guideline value of Chinna Ayyavu Thevar Layout?

The current guideline value of Chinna Ayyavu Thevar Layout is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 218 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 909% over the years.

What is the land classification for Chinna Ayyavu Thevar Layout?

The land classification for Chinna Ayyavu Thevar Layout is Residential Special Type - II, as per the Peelamedu SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 1,98,000.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. This office handles registrations for properties in Chinna Ayyavu Thevar Layout.