Guideline Value for ANNAMAR KOVIL STREET WARD -11

Annamar Kovil Street Ward -11 guideline value

The current guideline value for Annamar Kovil Street Ward -11 is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kaniyur village, under the Kaniyur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Annamar Kovil Street Ward -11 has changed

The guideline value for Annamar Kovil Street Ward -11 has undergone several revisions over the years. In 2007, the value was Rs 42 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017, before rising again to Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 50%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 495%.

Guideline values in Kaniyur

In Kaniyur, there are 49 streets under the Kaniyur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which matches the 2024 figure for Annamar Kovil Street Ward -11.

• Annamar Kovil Street Ward -12: Rs 250 per sq.ft (2024)
• Anna Nagar Ward-5: Rs 200 per sq.ft (2024)
• Agrahara Street Ward-5: Rs 250 per sq.ft (2024)
• Bajanai Kovil Street-1 Ward -8: Rs 250 per sq.ft (2024)
• Cinema Hall Street Ward -6: Rs 250 per sq.ft (2024)
• Dharakurar Street-1 Ward-8: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Annamar Kovil Street Ward -11

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamar Kovil Street Ward -11?

The Sub Registrar Office that covers Annamar Kovil Street Ward -11 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kaniyur. It is used to determine the stamp duty and registration fees that buyers need to pay when acquiring property in the area.

When selling property, the guideline value can also serve as a benchmark for pricing. However, the actual sale price may vary based on market conditions, but the guideline value remains a key factor in the registration process.

Frequently asked questions

What is the current guideline value for Annamar Kovil Street Ward -11?

The current guideline value for Annamar Kovil Street Ward -11 is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 42 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office should I visit for property registration?

The Kaniyur Sub Registrar Office is responsible for property registration in Annamar Kovil Street Ward -11, located at 61, Madathukulam Main Road, Kaniyur, Tirupur District.

How is the guideline value determined for properties in Kaniyur?

The guideline value is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values in the area.