Guideline Value for Annamar Kovil Street(Peelamedu Pudhur)

Annamar Kovil Street(Peelamedu Pudhur) guideline value

The current guideline value of Annamar Kovil Street(Peelamedu Pudhur) is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village under the Peelamedu SRO and is classified as Residential Class III Type - I.

How the guideline value of Annamar Kovil Street(Peelamedu Pudhur) has changed

The guideline value for Annamar Kovil Street(Peelamedu Pudhur) has undergone several revisions over the years. In 2002, the value was Rs 264 per sq.ft, which increased to Rs 440 per sq.ft in 2003, marking a 67% rise. By 2007, the value further increased to Rs 507 per sq.ft, a 15% increase from the previous year. The value then saw a significant jump to Rs 2,000 per sq.ft in 2012, representing a 294% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%. The guideline value rose again to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,300 per sq.ft, a 15% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 771%. The register does not have figures for any other years for this street.

Guideline values in Sowripalayam

Sowripalayam village has a total of 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, which is equal to the current guideline value of Annamar Kovil Street(Peelamedu Pudhur).

• Anna Nagar: Rs 3,520 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Appulu Ayyar Road or Lane: Rs 2,300 per sq.ft (2024)
• Anantha Thiruvenkatasamy Street: Rs 2,300 per sq.ft (2024)
• Ara Gounder Street: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Annamar Kovil Street(Peelamedu Pudhur)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, while the registration fee at 2% would be Rs 46,000. Therefore, the total cost for stamp duty and registration fee would be Rs 2,07,000. 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 Annamar Kovil Street(Peelamedu Pudhur)?

The Sub Registrar Office that covers Annamar Kovil Street(Peelamedu Pudhur) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Sowripalayam. It serves as a basis for calculating the stamp duty and registration fees when registering property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are recorded at a fair value, preventing undervaluation and ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Annamar Kovil Street(Peelamedu Pudhur)?

The current guideline value of Annamar Kovil Street(Peelamedu Pudhur) is Rs 2,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 264 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, marking an overall increase of 771%.

What are the stamp duty and registration fees for property in Annamar Kovil Street(Peelamedu Pudhur)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,07,000, which includes a stamp duty of Rs 1,61,000 and a registration fee of Rs 46,000.

Which Sub Registrar Office covers Annamar Kovil Street(Peelamedu Pudhur)?

The Peelamedu Sub Registrar Office covers Annamar Kovil Street(Peelamedu Pudhur) and is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during property transactions in Sowripalayam.