Guideline Value for Annai Indira Nagar Cross Street II (Ward 18)

Annai Indira Nagar Cross Street II (Ward 18) guideline value

The current guideline value of Annai Indira Nagar Cross Street II (Ward 18) is Rs 1,055 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Annai Indira Nagar Cross Street II (Ward 18) has changed

Looking at the historical revisions, the guideline value for Annai Indira Nagar Cross Street II (Ward 18) has seen several changes. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a further increase of 6%, resulting in the current guideline value of Rs 1,055 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 32% from 2012 to 2024.

Guideline values in Kurichi

In Kurichi village, 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, with a median value of Rs 1,040 per sq.ft. Annai Indira Nagar Cross Street II (Ward 18) is above this median value.

• Annai Indira Nagar Cross Street I (Ward 18): Rs 1,055 per sq.ft (2024)
• A.N Nagar: Rs 1,035 per sq.ft (2024)
• Annai Velanganni Nagar: Rs 1,040 per sq.ft (2024)
• Anna Aasiriyar Colony: Rs 1,035 per sq.ft (2024)
• Anganna Thevar Sandhu (Ward 4): Rs 1,035 per sq.ft (2024)
• Anganna Gounder Street (Ward 10): Rs 1,035 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar Cross Street II (Ward 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost for these fees to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indira Nagar Cross Street II (Ward 18)?

The Sub Registrar Office that covers Annai Indira Nagar Cross Street II (Ward 18) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. 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 crucial factor when registering property transactions in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar Cross Street II (Ward 18)?

The current guideline value of Annai Indira Nagar Cross Street II (Ward 18) is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,055 per sq.ft in 2024, reflecting an overall increase of 32% over this period.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,55,000. The stamp duty at 7% is Rs 73,850, and the registration fee at 2% is Rs 21,100, totaling Rs 94,950.

Which office handles registrations for Annai Indira Nagar Cross Street II (Ward 18)?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Annai Indira Nagar Cross Street II (Ward 18), located on Syryan Church Road in Coimbatore.

What is the land classification for Annai Indira Nagar Cross Street II (Ward 18)?

The land classification for Annai Indira Nagar Cross Street II (Ward 18) is Residential Class I Type - III, indicating its suitability for residential development.