Guideline Value for Annapuram Main Cross Street II (Ward 15)

Annapuram Main Cross Street II (Ward 15) guideline value

The current guideline value of Annapuram Main Cross Street II (Ward 15) is Rs 1,030 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Annapuram Main Cross Street II (Ward 15) has changed

The guideline value for Annapuram Main Cross Street II has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced by 33% to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased significantly by 232% to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,030 per sq.ft, marking a 3% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 129%.

Guideline values in Kurichi

In Kurichi, 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 the median value being Rs 1,040 per sq.ft. The guideline value for Annapuram Main Cross Street II is below this median.

• Annapuram Main Cross Street III (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street IV (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street I (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street (New) (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street VI (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street V (Ward 15): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Annapuram Main Cross Street II (Ward 15)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,030 per sq.ft, the total guideline value would be Rs 10,30,000. The stamp duty at 7% would amount to Rs 72,100, and the registration fee at 2% would be Rs 20,600, leading to a total of Rs 92,700. It is important to note that 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 Annapuram Main Cross Street II (Ward 15)?

The Sub Registrar Office that covers Annapuram Main Cross Street II (Ward 15) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. 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 an essential factor during the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is transparent and based on a standardized valuation.

Frequently asked questions

What is the current guideline value of Annapuram Main Cross Street II (Ward 15)?

The current guideline value of Annapuram Main Cross Street II (Ward 15) is Rs 1,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,030 per sq.ft in 2024.

What is the land classification for Annapuram Main Cross Street II?

Annapuram Main Cross Street II is classified as Residential Class II Type - III.

Which office handles property registrations for this street?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Annapuram Main Cross Street II (Ward 15).

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 92,700.