Guideline Value for Annamalai Kottai 221

Annamalai Kottai 221 guideline value

The current guideline value for Annamalai Kottai 221 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Sivagiri village under the Sivagiri_Erode SRO and falls under the Residential Class III Type - V land classification.

How the guideline value of Annamalai Kottai 221 has changed

The guideline value for Annamalai Kottai 221 has seen several revisions over the years. The earliest available revision is from 2007, where the guideline value was Rs 60 per sq.ft. This increased to Rs 90 per sq.ft in 2012, representing a 50% rise. However, it then decreased to Rs 60 per sq.ft in 2017, marking a 33% drop. From 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting a significant increase of 233%. The current guideline value of Rs 200 per sq.ft has remained unchanged from the 2023 revision to the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 233%.

Guideline values in Sivagiri

In Sivagiri, there are 52 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Annamalai Kottai 221's 2024 figure is equal to this median.

• Anna Street 730: Rs 250 per sq.ft (2024)
• Amman Kovilpudur 508, 507, 155: Rs 200 per sq.ft (2024)
• Awaiyar Street 720, 715: Rs 250 per sq.ft (2024)
• Chettithottam pudur 993, 1012, 1012/4 TO17, 993/6: Rs 200 per sq.ft (2024)
• Chinniyam palayam Sakiliar Street 96: Rs 200 per sq.ft (2024)
• Cylone Colony Thalayanallur: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Kottai 221

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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 Annamalai Kottai 221?

The Sub Registrar Office covering Annamalai Kottai 221 is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, 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 Sivagiri

The guideline value is a critical factor when registering properties in Sivagiri. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps in ensuring compliance with local regulations and avoiding any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Kottai 221?

The current guideline value of Annamalai Kottai 221 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, representing an overall increase of 233%.

What is the land classification for Annamalai Kottai 221?

Annamalai Kottai 221 is classified as Residential Class III Type - V.

Where is the Sub Registrar Office located?

The Sivagiri_Erode Sub Registrar Office is located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore.

How is the stamp duty calculated for properties in Sivagiri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2%.