Guideline Value for ANBU NAGAR

Anbu Nagar guideline value

The current guideline value of Anbu Nagar is Rs 1,015 per sq.ft, effective from 1 July 2024. This area is located in Coimbatore village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Anbu Nagar has changed

The guideline value for Anbu Nagar has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it saw a significant decrease of 33% to Rs 268 per sq.ft in 2017. The value then surged by 273% to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,015 per sq.ft following the 2024 revision, marking a 2% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 915%.

Guideline values in Coimbatore

In Coimbatore, there are 52 streets under the Coimbatore North Joint 1 SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 1,905 per sq.ft. The median guideline value is Rs 1,038 per sq.ft, placing Anbu Nagar's 2024 value below this median.

• Anna Nagar: Rs 1,040 per sq.ft (2024)
• Al-Amin Colony: Rs 1,050 per sq.ft (2024)
• Arignar Anna Nagar: Rs 1,050 per sq.ft (2024)
• Arul Nagar: Rs 1,015 per sq.ft (2024)
• Azad Nagar: Rs 1,030 per sq.ft (2024)
• BILAL ESTATE IInd STREET: Rs 1,025 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,015 per sq.ft, the guideline value amounts to Rs 10,15,000. The stamp duty at 7% would be Rs 71,050, and the registration fee at 2% would be Rs 20,300, totaling Rs 91,350. 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 details.

Which Sub Registrar Office covers Anbu Nagar?

Anbu Nagar is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Coimbatore. 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 duty and registration fees.

When buying or selling property, both parties must consider the guideline value as it influences the overall transaction costs. The registration process will require payment of stamp duty based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Anbu Nagar?

The current guideline value for Anbu Nagar is Rs 1,015 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 1,015 per sq.ft in 2024, marking an overall increase of 915%.

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

The stamp duty for a property valued at Rs 10,15,000 is Rs 71,050, and the registration fee is Rs 20,300, totaling Rs 91,350.

Which office handles property registration for Anbu Nagar?

The Coimbatore North Joint 1 Sub Registrar Office handles property registration for Anbu Nagar, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors including location and land classification. It serves as the minimum value for property registration.