Guideline Value for ANC AVENUE

Anc Avenue guideline value

The current guideline value of Anc Avenue in Ganapathy village, under the Ganapathy SRO, is Rs 3,920 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Anc Avenue has changed

The guideline value for Anc Avenue has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 3,500 per sq.ft, which increased to Rs 3,920 per sq.ft in the 2024 revision, marking a change of +12%.

Comparing the recent revisions, the 2023 figure of Rs 3,500 per sq.ft reflects a significant increase in the 2024 revision. This upward adjustment indicates a notable change in the guideline value for Anc Avenue within the Ganapathy area.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Anc Avenue is above this median, indicating a higher valuation compared to many other streets in the village.

• Anbu Nagar.Balaji Nagar: Rs 1,010 per sq.ft (2024)
• Anbu Nagar: Rs 1,010 per sq.ft (2024)
• Annai Abirami Nagar: Rs 1,007 per sq.ft (2024)
• Annai Thangammal Nagar: Rs 1,010 per sq.ft (2024)
• Annai Velankanninagar And Extension: Rs 1,010 per sq.ft (2024)
• Amman Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Anc Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,920 per sq.ft, the total guideline value amounts to Rs 39,20,000. The stamp duty, charged at 7%, would be Rs 2,74,400, and the registration fee at 2% would be Rs 78,400, bringing the total cost for these fees to Rs 3,52,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anc Avenue?

The Sub Registrar Office that covers Anc Avenue 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 Ganapathy

The guideline value is a critical factor in property transactions within Ganapathy. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the context of local market conditions. It is essential for buyers and sellers to be aware of the guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Anc Avenue?

The current guideline value of Anc Avenue is Rs 3,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anc Avenue has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,920 per sq.ft in 2024, reflecting a +12% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Anc Avenue?

Anc Avenue is classified as Commercial Class I Type - I, indicating its designated use within the local planning framework.

What are the stamp duty and registration fees for property in Anc Avenue?

For a property valued at Rs 39,20,000, the stamp duty would be Rs 2,74,400 at 7%, and the registration fee would be Rs 78,400 at 2%, totaling Rs 3,52,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Anc Avenue?

The Ganapathy Sub Registrar Office is responsible for Anc Avenue, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.