Guideline Value for Darmar Kovil Street (316/8)

Darmar Kovil Street (316/8) guideline value

The current guideline value of Darmar Kovil Street (316/8) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Annur village, under the Annur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Darmar Kovil Street (316/8) has changed

The guideline value for Darmar Kovil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 164 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision remains the same at Rs 1,000 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 510%. The change from 2017 to 2023 showed an increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The remarkable increase of 510% from 2007 to 2012 reflects a significant shift in the guideline value within that period.

Guideline values in Annur

In Annur, there are 225 streets under the Annur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. Darmar Kovil Street (316/8) has a guideline value that is above this median.

• Chinna Kinaru Street (434/3): Rs 200 per sq.ft (2024)
• East West North South Street (304): Rs 300 per sq.ft (2024)
• Chellalur Vinayakar Kovil Streer (37): Rs 200 per sq.ft (2024)
• Govindhasamy Streer (616/3): Rs 300 per sq.ft (2024)
• Jawahar Street (290/1A): Rs 300 per sq.ft (2024)
• Jawahar Street (290/1B): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Darmar Kovil Street (316/8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Darmar Kovil Street (316/8)?

The Sub Registrar Office covering Darmar Kovil Street (316/8) is the Annur Sub Registrar Office, located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Annur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per the government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Darmar Kovil Street (316/8)?

The current guideline value of Darmar Kovil Street (316/8) is Rs 1,000 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 164 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Darmar Kovil Street (316/8)?

Darmar Kovil Street (316/8) is classified as Commercial Class I Type - I.

Where can I find the registration office for Darmar Kovil Street (316/8)?

The registration office for Darmar Kovil Street (316/8) is the Annur Sub Registrar Office, located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653.

How is stamp duty calculated for property in Annur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000.