Guideline Value for ANAIPALAYAM

Anaipalayam guideline value

The current guideline value of Anaipalayam, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 716 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Anaipalayam has changed

The guideline value for Anaipalayam has seen significant changes over the years. In 2007, the value was Rs 280 per sq.ft, which increased to Rs 630 per sq.ft in 2012. However, it then decreased to Rs 422 per sq.ft in 2017. The value rose again to Rs 630 per sq.ft in 2023, and most recently, it is set at Rs 716 per sq.ft from the 2024 revision.

Between these revisions, the changes were as follows: from 2007 to 2012, there was a notable increase of 125%. Following that, a decrease of 33% was observed from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 14% rise from 2023 to 2024. The overall increase from 2007 to 2024 stands at 156%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, and Anaipalayam's 2024 figure of Rs 716 per sq.ft is above this median.

• Ananda Enclave: Rs 705 per sq.ft (2024)
• Anandha Avenue: Rs 705 per sq.ft (2024)
• Anandha Avenue Extension: Rs 710 per sq.ft (2024)
• Anandha Gokulam Avenue: Rs 890 per sq.ft (2024)
• Anandha Grand: Rs 705 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Anaipalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 716 per sq.ft, the total guideline value amounts to Rs 7,16,000. The stamp duty at 7% would be Rs 50,120, and the registration fee at 2% would be Rs 14,320, making the total charges Rs 64,440. It is important to note that 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 details.

Which Sub Registrar Office covers Anaipalayam?

The Anaipalayam area is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process, as the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Anaipalayam?

The current guideline value of Anaipalayam is Rs 716 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 280 per sq.ft in 2007 to Rs 716 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Anaipalayam?

Anaipalayam falls under the Residential Special Type - I land classification.

Where is the Sub Registrar Office for Anaipalayam located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated in Anaipalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 7,16,000 would incur a stamp duty of Rs 50,120 at 7%.