Guideline Value for Anumanthapuram Agrakara Quarters

Anumanthapuram Agrakara Quarters guideline value

The current guideline value of Anumanthapuram Agrakara Quarters is Rs 575 per sq.ft, effective from 1 July 2024. This area is located in Dharapuram Ward 2 village, under the Dharapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anumanthapuram Agrakara Quarters has changed

The guideline value has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 90 per sq.ft, which increased to Rs 101 per sq.ft in 2003. There is no figure available for the year 2007. The 2012 revision marked a significant change, bringing the value back to Rs 520 per sq.ft, but it dropped to Rs 348 per sq.ft in 2017. The 2023 revision increased the value to Rs 520 per sq.ft, and the most recent 2024 revision has set it at Rs 575 per sq.ft.

Analyzing the changes, from 2002 to 2003, there was a 12% increase. However, from 2003 to 2012, the value surged by 415%. The 2012 to 2017 period saw a decrease of 33%, while the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 is an 11% increase, resulting in an overall increase of 539% from 2002 to 2024.

Guideline values in Dharapuram Ward 2

In Dharapuram Ward 2, there are 16 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 1,160 per sq.ft. The median value is Rs 575 per sq.ft, which is equal to the guideline value of Anumanthapuram Agrakara Quarters.

• Anumantha puram: Rs 575 per sq.ft (2024)
• Cholakatai St (Kurukutheru Manai Privu Nagar): Rs 800 per sq.ft (2024)
• Easwaran Kovil Street: Rs 385 per sq.ft (2024)
• Kaliyamman Kovil Street: Rs 575 per sq.ft (2024)
• Karur Road: Rs 575 per sq.ft (2024)
• Katcheri Street: Rs 575 per sq.ft (2024)

Stamp duty and registration fee for property in Anumanthapuram Agrakara Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 575 per sq.ft, the total guideline value would be Rs 5,75,000. The stamp duty at 7% would amount to Rs 40,250, and the registration fee at 2% would be Rs 11,500, bringing the total fees together to Rs 51,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anumanthapuram Agrakara Quarters?

The Anumanthapuram Agrakara Quarters falls under the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Dharapuram Ward 2

The guideline value is a critical factor when registering property in Dharapuram Ward 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware that the guideline value will influence the overall costs associated with property transfer.

During the registration of property, the guideline value helps ensure that the transaction reflects a fair assessment of the property's worth. This value is used to calculate the applicable fees, ensuring compliance with local regulations and providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Anumanthapuram Agrakara Quarters?

The current guideline value of Anumanthapuram Agrakara Quarters is Rs 575 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 90 per sq.ft in 2002 to Rs 575 per sq.ft in 2024, reflecting an overall increase of 539% over this period.

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

For a property valued at Rs 5,75,000, the stamp duty would be Rs 40,250 and the registration fee would be Rs 11,500, totaling Rs 51,750.

Which office handles property registrations for Anumanthapuram Agrakara Quarters?

The Dharapuram Sub Registrar Office handles property registrations for Anumanthapuram Agrakara Quarters, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for assessing the property's worth and ensuring compliance with local regulations.