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

Annapuram Main Cross Street V (Ward 15) guideline value

The current guideline value of Annapuram Main Cross Street V (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, with a land classification of Residential Class II Type - III.

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

The guideline value for Annapuram Main Cross Street V has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 450 per sq.ft. This was followed by a decrease to Rs 301 per sq.ft in 2017. From 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 232% rise. The most recent revision in 2024 set the guideline value at Rs 1,030 per sq.ft, reflecting a 3% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 guideline value for 2024, 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 the 2024 figure for Annapuram Main Cross Street V below this median.

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

Stamp duty and registration fee for property in Annapuram Main Cross Street V (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 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, bringing the total fees together to Rs 92,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Annapuram Main Cross Street V is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. 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 when registering property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Annapuram Main Cross Street V?

The current guideline value of Annapuram Main Cross Street V (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 the years.

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

Annapuram Main Cross Street V is classified as Residential Class II Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Annapuram Main Cross Street V is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 10,30,000 would incur a total fee of Rs 92,700.