Guideline Value for ANNAMAR KOIL STREET

Annamar Koil Street guideline value

The current guideline value of Annamar Koil Street is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Othakkalmandapam village, under the Kinathukkadavu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annamar Koil Street has changed

Over the years, the guideline value for Annamar Koil Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. In the subsequent 2023 revision, the value increased to Rs 300 per sq.ft, followed by the current 2024 revision that raised it to Rs 340 per sq.ft, marking a 13% increase from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been a 13% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Annamar Koil Street's current guideline value is below this median.

• Arijana Colony: Rs 560 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Aathi Dravidar Colony: Rs 560 per sq.ft (2024)
• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Annamar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, bringing the total fees to Rs 30,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annamar Koil Street?

The Sub Registrar Office that covers Annamar Koil Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Othakkalmandapam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that all property transactions are conducted fairly and transparently.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annamar Koil Street?

The current guideline value of Annamar Koil Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification for Annamar Koil Street?

Annamar Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What is the registration office for Annamar Koil Street?

The registration office for Annamar Koil Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for properties in Othakkalmandapam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,40,000, the stamp duty at 7% would be Rs 23,800.