Guideline Value for ANBU NAGAR/MURUGAN NAGAR

Anbu Nagar/Murugan Nagar guideline value

The current guideline value of Anbu Nagar/Murugan Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village under the Ganapathy SRO and is classified as Residential Class I Type - I.

How the guideline value of Anbu Nagar/Murugan Nagar has changed

The guideline value for Anbu Nagar/Murugan Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following that, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 1,010 per sq.ft. There are no figures available for the revisions in 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 99%. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, making the guideline value for Anbu Nagar/Murugan Nagar above the median.

• Andal Nagar/Sri Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Andiyappa Devar Layout/Viswasapuram: Rs 1,010 per sq.ft (2024)
• A.N.Nagar: Rs 1,006 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)
• Annai Nagar: Rs 1,008 per sq.ft (2024)
• Annai Velankanni Nagar/Udaya Nagar: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar/Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total fees together to Rs 90,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar/Murugan Nagar?

The Sub Registrar Office that covers Anbu Nagar/Murugan Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Villankuruchi. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

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

Frequently asked questions

What is the current guideline value of Anbu Nagar/Murugan Nagar?

The current guideline value of Anbu Nagar/Murugan Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,010 per sq.ft in 2024.

What is the land classification for Anbu Nagar/Murugan Nagar?

Anbu Nagar/Murugan Nagar is classified as Residential Class I Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price during property registration. For example, the stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 70,700.