Guideline Value for Andhoniyar Kovil Street

Andhoniyar Kovil Street guideline value

The current guideline value of Andhoniyar Kovil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class II Type - I.

How the guideline value of Andhoniyar Kovil Street has changed

The guideline value for Andhoniyar Kovil Street has seen several revisions over the years. In 2007, the value was Rs 570 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,320 per sq.ft.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2007 to 2024, the guideline value has increased by 132%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are a total of 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Andhoniyar Kovil Street's 2024 figure below that median.

• Ankanna Site (or) A.Theviar Colony (or) Layout: Rs 1,000 per sq.ft (2024)
• Annai Indira Nagar (or) Colony: Rs 2,200 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)
• Ammankulam South Street 1 & 2: Rs 1,760 per sq.ft (2024)
• Ammankulam Road: Rs 2,200 per sq.ft (2024)
• Ammankulam North Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Andhoniyar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andhoniyar Kovil Street?

The Sub Registrar Office that covers Andhoniyar Kovil Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. To find your SRO, you can visit this link.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor in property transactions in Ward 10. It is used to determine the stamp duty and registration fees when buying or selling property. The higher of the guideline value or the sale price is considered for these calculations, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to be aware of the guideline value as it can significantly affect the overall cost of the transaction. Buyers and sellers should always check the latest guideline values to ensure they are informed about the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Andhoniyar Kovil Street?

The current guideline value of Andhoniyar Kovil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 132% over the years.

What is the land classification of Andhoniyar Kovil Street?

Andhoniyar Kovil Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Andhoniyar Kovil Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 1,18,800.

Which office handles registrations for Andhoniyar Kovil Street?

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