Guideline Value for ANANDAM NAGAR

Anandam Nagar guideline value

The current guideline value of Anandam Nagar, located in Veerakeralam village under the Thondamuthur SRO, is Rs 1,014 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Anandam Nagar has changed

The guideline value for Anandam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then increased to Rs 335 per sq.ft in 2017. Following this, there was a significant rise to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has further increased it to Rs 1,014 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a remarkable increase of 199%. The overall change from 2012 to 2024 reflects an increase of 103%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Veerakeralam

In Veerakeralam, there are a total of 135 streets under the Thondamuthur SRO that carry a 2024 guideline value, ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, which is the same as the current guideline value for Anandam Nagar. Below are some of the other streets in Veerakeralam:

• Amman Nager: Rs 1,004 per sq.ft (2024)
• Amaravathi Street: Rs 1,014 per sq.ft (2024)
• Annai Velangani Nager: Rs 1,006 per sq.ft (2024)
• Alamelu Mangai Avenue: Rs 1,006 per sq.ft (2024)
• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)
• ANNA NAGAR 2nd STREET: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value would be Rs 10,14,000. The stamp duty at 7% would amount to Rs 70,980, while the registration fee at 2% would be Rs 20,280. Together, the total cost for stamp duty and registration would be Rs 91,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandam Nagar?

Anandam Nagar falls under the jurisdiction of the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Veerakeralam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it influences both the financial aspects of the transaction and the legal compliance required for registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid any penalties during registration.

Frequently asked questions

What is the current guideline value of Anandam Nagar?

The current guideline value of Anandam Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, reflecting an overall increase of 103% over this period.

What other streets have guideline values in Veerakeralam?

Other streets in Veerakeralam include Amman Nager at Rs 1,004 per sq.ft, Amaravathi Street at Rs 1,014 per sq.ft, and Annai Velangani Nager at Rs 1,006 per sq.ft, among others.

What are the stamp duty and registration fees for property in Anandam Nagar?

For a property valued at Rs 10,14,000, the stamp duty would be Rs 70,980 and the registration fee would be Rs 20,280, totaling Rs 91,260.

Which office handles property registrations for Anandam Nagar?

The Thondamuthur Sub Registrar Office handles property registrations for Anandam Nagar, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.