Guideline Value for ANNANAGAR WARD-12

Annanagar Ward-12 guideline value

The current guideline value for Annanagar Ward-12 is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in West_komaralingam village and falls under the Kaniyur Sub Registrar Office (SRO). The land classification for this ward is Residential Class III Type - V.

How the guideline value of Annanagar Ward-12 has changed

The guideline value for Annanagar Ward-12 has undergone several revisions over the years. In 2007, the value was Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012. However, it then decreased to Rs 107 per sq.ft in 2017. The most recent revisions show a consistent value of Rs 200 per sq.ft for both 2023 and 2024.

From 2017 to 2023, the guideline value increased by 87%, reaching Rs 200 per sq.ft. The 2024 revision maintained this value, resulting in a 0% change from 2023. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 400% in the guideline value.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry the 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. This places Annanagar Ward-12 at the median value for the area.

• Anna Street Ward-15: Rs 200 per sq.ft (2024)
• Arunachalam Street Ward-15: Rs 200 per sq.ft (2024)
• Amman Kovil Street Ward-15: Rs 200 per sq.ft (2024)
• Amman Kovil Street Ward-10: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annanagar Ward-12

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annanagar Ward-12?

The Sub Registrar Office that covers Annanagar Ward-12 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in West_komaralingam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Annanagar Ward-12?

The current guideline value for Annanagar Ward-12 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the land classification for Annanagar Ward-12?

Annanagar Ward-12 is classified as Residential Class III Type - V.

Where can I find the Kaniyur Sub Registrar Office?

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

How is stamp duty calculated in Annanagar Ward-12?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 18,000.