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

Annapuram Main Cross Street III (Ward 15) guideline value

The current guideline value of Annapuram Main Cross Street III (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. The land classification for this area is Residential Class II Type - III.

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

The guideline value for Annapuram Main Cross Street III has undergone several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which increased to Rs 301 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 232%, reaching Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,030 per sq.ft, marking a 3% rise from the previous year.

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 129% from the 2012 revision to the 2024 revision.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, placing Annapuram Main Cross Street III's 2024 value below that median.

• Annapuram Main Cross Street II (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 III (Ward 15)

For a 1,000 sq.ft plot at the current rate of Rs 1,030 per sq.ft, the guideline value amounts to Rs 10,30,000. The stamp duty at 7% would be Rs 72,100, and the registration fee at 2% would be Rs 20,600, totaling Rs 92,700. 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 information.

Which Sub Registrar Office covers Annapuram Main Cross Street III (Ward 15)?

The Sub Registrar Office that covers Annapuram Main Cross Street III (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 details.

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

The guideline value is a crucial factor when registering a property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and consistency in property dealings within the area.

Frequently asked questions

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

The current guideline value of Annapuram Main Cross Street III (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 1,030 per sq.ft in 2024, marking an overall increase of 129% over this period.

What is the median guideline value for streets in Kurichi?

The median guideline value for streets in Kurichi is Rs 1,040 per sq.ft, with Annapuram Main Cross Street III's 2024 value being slightly below this median.

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

For a property valued at Rs 10,30,000, the stamp duty would be Rs 72,100, and the registration fee would be Rs 20,600, totaling Rs 92,700.

Which office should I approach for registration in this area?

The Coimbatore North Joint 1 Sub Registrar Office is responsible for registration in Annapuram Main Cross Street III (Ward 15), located at District Registrar Office, Syryan Church Road, Coimbatore -641001.