Guideline Value for Anantha Thiruvenkatasamy Street

Anantha Thiruvenkatasamy Street guideline value

The current guideline value of Anantha Thiruvenkatasamy Street is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village, under the Peelamedu SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anantha Thiruvenkatasamy Street has changed

The guideline value for Anantha Thiruvenkatasamy Street has undergone several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 429 per sq.ft. This increased to Rs 484 per sq.ft in 2003, marking a 13% rise. In 2007, the value saw a significant jump to Rs 507 per sq.ft, which is an increase of 5%. The 2012 revision brought the value to Rs 2,000 per sq.ft, reflecting a substantial increase of 294%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, followed by the current figure of Rs 2,300 per sq.ft in 2024, which is a 15% increase from the previous year. There are no figures available for the revisions in years not listed in the register.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value is Rs 2,300 per sq.ft, which is equal to the 2024 figure for Anantha Thiruvenkatasamy Street.

• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Anna Nagar: Rs 3,520 per sq.ft (2024)
• Appulu Ayyar Road or Lane: Rs 2,300 per sq.ft (2024)
• Ara Gounder Street: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Thiruvenkatasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantha Thiruvenkatasamy Street?

The Sub Registrar Office that covers Anantha Thiruvenkatasamy Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sowripalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anantha Thiruvenkatasamy Street?

The current guideline value of Anantha Thiruvenkatasamy Street is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 429 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 436% since 2002.

What is the land classification for Anantha Thiruvenkatasamy Street?

Anantha Thiruvenkatasamy Street is classified as Residential Class III Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 and the registration fee would be Rs 46,000, totaling Rs 2,07,000.

Which office handles registrations for Anantha Thiruvenkatasamy Street?

The Peelamedu Sub Registrar Office handles registrations for Anantha Thiruvenkatasamy Street, located at 6/1, Grd Road, Redfields, Coimbatore - 18.