Guideline Value for ANAIMALAI DHARMARAJA COLONY

Anaimalai Dharmaraja Colony guideline value

The current guideline value of Anaimalai Dharmaraja Colony is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Odaiyakulam village under the Anaimalai SRO, classified as Residential Special Type - I.

How the guideline value of Anaimalai Dharmaraja Colony has changed

The guideline value for Anaimalai Dharmaraja Colony has undergone several revisions over the years. The earliest recorded figure was Rs 45 per sq.ft in 2007, which rose significantly to Rs 275 per sq.ft in 2012, marking an increase of 511%. However, from 2012 to 2017, the value decreased to Rs 184 per sq.ft, a decline of 33%. The value then saw a substantial increase of 90% from 2017 to 2023, reaching Rs 350 per sq.ft, which has remained unchanged in the 2024 revision.

It is important to note that the guideline value for the years 2002 and 2003 is not available in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 678%.

Guideline values in Odaiyakulam

In Odaiyakulam, there are 72 streets under the Anaimalai SRO with a 2024 guideline value ranging from Rs 101 to Rs 448 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Anaimalai Dharmaraja Colony's 2024 figure above that median.

• Alukusamiyar Kovil Street: Rs 200 per sq.ft (2024)
• Ap Rathinam Layout: Rs 250 per sq.ft (2024)
• Aps Nagar: Rs 250 per sq.ft (2024)
• Arivoli Nagar: Rs 250 per sq.ft (2024)
• Big Bazzar Street: Rs 200 per sq.ft (2024)
• Boyar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Anaimalai Dharmaraja Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. 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 Anaimalai Dharmaraja Colony?

The Anaimalai Dharmaraja Colony falls under the jurisdiction of the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Odaiyakulam. It is used to determine the stamp duty and registration fees payable, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. It is essential for buyers to understand this value as it directly impacts the costs associated with the purchase.

Frequently asked questions

What is the current guideline value of Anaimalai Dharmaraja Colony?

The current guideline value of Anaimalai Dharmaraja Colony is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 350 per sq.ft in 2024, showing an overall increase of 678%. Notably, it decreased from Rs 275 per sq.ft in 2012 to Rs 184 per sq.ft in 2017 before rising again.

What are the stamp duty and registration fees for property in Anaimalai Dharmaraja Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 31,500.

Which Sub Registrar Office covers this area?

The Anaimalai Dharmaraja Colony is covered by the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

How does the guideline value affect 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 property value, impacting the overall transaction costs for buyers and sellers.