Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kavundapadi village, under the Kavundapadi SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Anna Street has changed

Looking back at the revisions, the guideline value for Anna Street has seen several changes over the years. In 2007, the value was Rs 96 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017 before rising again to Rs 400 per sq.ft in both 2023 and 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value remained stable from 2023 to 2024, showing no percentage change. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Anna Street is below this median.

• Anna Harijan Colony: Rs 600 per sq.ft (2024)
• Amman Kovil Thottam: Rs 250 per sq.ft (2024)
• Ambethkar Street, M.G.R.Street, Navalar Street: Rs 250 per sq.ft (2024)
• Avarankattur Cross Street: Rs 250 per sq.ft (2024)
• Avarankattur Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Barathi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. 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 information.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kavundapadi. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware of this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and transparently, reflecting the official value assigned to the property.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, dropped to Rs 268 per sq.ft in 2017, and then returned to Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Kavundapadi?

Other streets in Kavundapadi have varying guideline values, ranging from Rs 250 to Rs 600 per sq.ft. For example, Anna Harijan Colony is valued at Rs 600 per sq.ft, while Amman Kovil Thottam is at Rs 250 per sq.ft.

How is stamp duty calculated for properties in Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Anna Street?

The Sub Registrar Office for Anna Street is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find more information online.