Guideline Value for Anna Aasiriyar Colony

Anna Aasiriyar Colony guideline value

The current guideline value of Anna Aasiriyar Colony in Kurichi village is Rs 1,035 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Anna Aasiriyar Colony has changed

The guideline value of Anna Aasiriyar Colony has seen significant changes over the years. In 2003, the value was Rs 118 per sq.ft, which increased to Rs 230 per sq.ft in 2007. Following this, there was a substantial rise to Rs 600 per sq.ft in 2012, but it then dropped to Rs 402 per sq.ft in 2017. The value then surged to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 1,035 per sq.ft. Overall, the guideline value has increased by 777% from 2003 to 2024.

From 2017 to 2023, the increase was 149%, while from 2012 to 2017, there was a decrease of 33%. The 2007 to 2012 period saw a significant increase of 161%, and the value rose by 95% from 2003 to 2007. It is important to note that the register has no figure for this street for the year 2002.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Anna Aasiriyar Colony's 2024 figure slightly below this median.

• A.N Nagar: Rs 1,035 per sq.ft (2024)
• Anganna Thevar Sandhu (Ward 4): Rs 1,035 per sq.ft (2024)
• Annai Indira Nagar Cross Street II (Ward 18): Rs 1,055 per sq.ft (2024)
• Annai Indira Nagar Cross Street I (Ward 18): Rs 1,055 per sq.ft (2024)
• Anganna Gounder Street (Ward 10): Rs 1,035 per sq.ft (2024)
• Angamuhtu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Aasiriyar Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,035 per sq.ft, the guideline value amounts to Rs 10,35,000. The stamp duty at 7% would be Rs 72,450, and the registration fee at 2% would be Rs 20,700, bringing the total to Rs 93,150. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Aasiriyar Colony?

The Anna Aasiriyar Colony is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Aasiriyar Colony?

The current guideline value of Anna Aasiriyar Colony is Rs 1,035 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 118 per sq.ft in 2003 to Rs 1,035 per sq.ft in 2024, marking an overall increase of 777% over this period.

What is the land classification of Anna Aasiriyar Colony?

Anna Aasiriyar Colony is classified as Residential Class II Type - II, indicating its designation for residential use.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Anna Aasiriyar Colony is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in this area?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Anna Aasiriyar Colony, located at Syryan Church Road, Coimbatore.