Guideline Value for Anna Nagar West, Pollachi Road (Ward 1)

Anna Nagar West, Pollachi Road (Ward 1) guideline value

The current guideline value for Anna Nagar West, Pollachi Road (Ward 1) is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Anna Nagar West, Pollachi Road (Ward 1) has changed

The guideline value for Anna Nagar West, Pollachi Road (Ward 1) has seen several revisions over the years. The 2012 revision recorded a value of Rs 950 per sq.ft, which decreased to Rs 636 per sq.ft in 2017. However, this value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,075 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 57%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that have 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 Nagar West, Pollachi Road (Ward 1) above this median.

• Anna Nagar (Ward 2): Rs 1,075 per sq.ft (2024)
• Anna Nagar (Silver Jubliee Street) (Ward 3): Rs 1,040 per sq.ft (2024)
• Annapuram Main Cross Street III (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street II (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street IV (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street I (Ward 15): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar West, Pollachi Road (Ward 1)

For a 1,000 sq.ft plot at the current rate of Rs 1,075 per sq.ft, the guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, making the total Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Nagar West, Pollachi Road (Ward 1)?

The Sub Registrar Office that covers Anna Nagar West, Pollachi Road (Ward 1) is 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 plays a crucial role when buying or selling property in Kurichi. It is used as a benchmark for determining the stamp duty and registration fees applicable during the property registration process.

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 stamp duty and registration fees. This ensures that the fees reflect the actual value of the transaction.

Frequently asked questions

What is the current guideline value for Anna Nagar West, Pollachi Road (Ward 1)?

The current guideline value for Anna Nagar West, Pollachi Road (Ward 1) is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Anna Nagar West, Pollachi Road (Ward 1) is Residential Special Type - IV.

Which office handles registrations for this area?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Anna Nagar West, Pollachi Road (Ward 1), located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,75,000, the stamp duty at 7% would be Rs 75,250.