Guideline Value for ANANDHA GRAND

Anandha Grand guideline value

The current guideline value of Anandha Grand is Rs 705 per sq.ft, effective from 1 July 2024. This property 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 Anandha Grand has changed

Since the 2012 revision, the guideline value for Anandha Grand has seen significant changes. In 2012, the guideline value was Rs 300 per sq.ft. It then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased to Rs 300 per sq.ft in 2023, and then rose sharply to Rs 705 per sq.ft in 2024, representing a 135% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 135%.

The 2023 revision marked an increase of 135% from the 2023 figure of Rs 300 per sq.ft. The 2017 revision showed a 49% increase from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam village, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this village is Rs 711 per sq.ft, making the current value of Anandha Grand below that median.

• Anandha Gokulam Avenue: Rs 890 per sq.ft (2024)
• Anandha Avenue Extension: Rs 710 per sq.ft (2024)
• Anandha Avenue: Rs 705 per sq.ft (2024)
• Ananda Enclave: Rs 705 per sq.ft (2024)
• Anaipalayam: Rs 716 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Anandha Grand

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, bringing the total to 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 use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anandha Grand?

The Anandha Grand property falls under 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 details.

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

The guideline value is a crucial factor when registering property transactions in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is registered, the guideline value is compared with 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 Anandha Grand?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, making the guideline value of Anandha Grand below this median.

What are the stamp duty and registration fees for properties in Anandha Grand?

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

Which office handles the registration for Anandha Grand?

The Tiruppur Joint II Sub Registrar Office handles the registration for Anandha Grand, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.