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

Annapuram Main Cross Street VI (Ward 15) guideline value

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

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

The guideline value for Annapuram Main Cross Street VI has seen significant changes over the years. In 2012, the guideline value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased dramatically to Rs 1,000 per sq.ft, reflecting a rise of 232%. The most recent revision in 2024 set the guideline value at Rs 1,030 per sq.ft, a 3% increase 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, from 2012 to 2024, the guideline value has increased by 129%.

Guideline values in Kurichi

In Kurichi, there are a total of 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 VI's 2024 value below this median.

• Annapuram Main Cross Street (New) (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street V (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 (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 VI (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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

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

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

When buying or selling property in Kurichi, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions and is used to calculate the applicable duties and fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it ensures transparency in property transactions. The registration office will use this value to assess the fees required for the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Annapuram Main Cross Street VI (Ward 15)?

The current guideline value for Annapuram Main Cross Street VI (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 significantly, from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, and then increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,030 per sq.ft.

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

Annapuram Main Cross Street VI is classified as Residential Class II Type - III. This classification is important for understanding the type of development allowed in the area.

Where can I find the registration office for this street?

The registration office for Annapuram Main Cross Street VI is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,30,000, the stamp duty would be Rs 72,100 at the rate of 7%.