Guideline Value for ANANDA ENCLAVE

Ananda Enclave guideline value

The current guideline value of Ananda Enclave is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ananda Enclave has changed

The guideline value for Ananda Enclave has seen significant changes over the years. In 2017, the value was Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 brought the value to Rs 705 per sq.ft, reflecting a remarkable increase of 135% from the previous year. Overall, from 2017 to 2024, the guideline value has surged by 251%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for the village is Rs 711 per sq.ft, placing Ananda Enclave's 2024 figure below that median.

• Anaipalayam: Rs 716 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 Ananda Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, resulting in a total cost of Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ananda Enclave?

The Sub Registrar Office covering Ananda Enclave is 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 further assistance.

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 is used to determine the stamp duty and registration fees applicable on the property being bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ananda Enclave?

The current guideline value of Ananda Enclave is Rs 705 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value has increased from Rs 201 per sq.ft to Rs 705 per sq.ft, which is an overall increase of 251%.

What are the stamp duty and registration fees for property in Ananda Enclave?

For a plot measuring 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 7,05,000. The stamp duty would be Rs 49,350, and the registration fee would be Rs 14,100, totaling Rs 63,450.

Which office handles registrations for Ananda Enclave?

The Tiruppur Joint II Sub Registrar Office handles registrations for Ananda Enclave, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

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

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that the correct amount is charged based on the higher of the guideline value or the sale price.