Guideline Value for ANNAMAR KOVIL STREET WARD -12

Annamar Kovil Street Ward -12 guideline value

The current guideline value of Annamar Kovil Street Ward -12 is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kaniyur village and falls under the Kaniyur SRO with a land classification of Residential Class I Type - I.

How the guideline value of Annamar Kovil Street Ward -12 has changed

The guideline value for Annamar Kovil Street Ward -12 has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 42 per sq.ft. This figure increased significantly to Rs 250 per sq.ft in 2012. However, in the subsequent revision in 2017, the value decreased to Rs 167 per sq.ft. The guideline value then rose again to Rs 250 per sq.ft in 2023 and remained unchanged in the 2024 revision.

From 2007 to 2012, there was a substantial increase of 495%. The value then saw a decrease of 33% from 2012 to 2017. Following this, there was a 50% increase from 2017 to 2023, with no change from 2023 to 2024. 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 guideline value for these streets is Rs 250 per sq.ft, which aligns with the current value for Annamar Kovil Street Ward -12.

• Annamar Kovil Street Ward -11: 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 -12

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annamar Kovil Street Ward -12?

The Sub Registrar Office that covers Annamar Kovil Street Ward -12 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial component during the registration of property transactions in Kaniyur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations and to accurately assess the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Annamar Kovil Street Ward -12?

The current guideline value for Annamar Kovil Street Ward -12 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 multiple times, starting from Rs 42 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreasing to Rs 167 per sq.ft in 2017, and rising back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Annamar Kovil Street Ward -12?

Annamar Kovil Street Ward -12 is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Kaniyur Sub Registrar Office located?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

How is stamp duty calculated for properties in Kaniyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.