Guideline Value for Annai Kasthuribai Street

Annai Kasthuribai Street guideline value

The current guideline value of Annai Kasthuribai Street is Rs 541 per sq.ft. This street is located in Ward 2 village under the Pollachi SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Kasthuribai Street has changed

Since the 2002 revision, the guideline value for Annai Kasthuribai Street has seen several changes. In 2002, the value was Rs 357 per sq.ft, which increased to Rs 405 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 485 per sq.ft in 2007, an increase of 20%. By 2012, the value slightly decreased to Rs 540 per sq.ft, a drop of 11%. The next revision in 2017 saw a significant increase to Rs 362 per sq.ft, a rise of 49% from the previous figure. The guideline value remained unchanged at Rs 541 per sq.ft in both the 2023 and 2024 revisions.

There are no figures available for the revisions in years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 52%.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 420 per sq.ft, making the 2024 guideline value of Annai Kasthuribai Street above that median.

• Annapoorani Layout: Rs 675 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 per sq.ft (2024)
• Amar Jothi Nagar: Rs 302 per sq.ft (2024)
• Amaithi Nagar: Rs 302 per sq.ft (2024)
• Arul Jothi Co-Operative Colony: Rs 300 per sq.ft (2024)
• Algammal K Muthusamy Garden: Rs 420 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kasthuribai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value would be Rs 5,41,000. The stamp duty at 7% would amount to Rs 37,870, and the registration fee at 2% would be Rs 10,820, bringing the total fees together to Rs 48,690. 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 details.

Which Sub Registrar Office covers Annai Kasthuribai Street?

The Sub Registrar Office covering Annai Kasthuribai Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is an essential factor in the registration process when buying or selling property in Ward 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value for taxation purposes. This means that buyers and sellers must be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annai Kasthuribai Street?

The current guideline value of Annai Kasthuribai Street is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 357 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, reflecting an overall increase of 52% over the years.

What is the registration fee for property in Annai Kasthuribai Street?

The registration fee for property in Annai Kasthuribai Street is calculated based on the guideline value. For example, for a property valued at Rs 5,41,000, the registration fee would be Rs 10,820.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.

How is the stamp duty calculated for properties in Ward 2?

Stamp duty in Ward 2 is calculated at a rate of 7% on the higher of the guideline value or the sale price of the property. This ensures that the correct amount is collected for registration purposes.