Guideline Value for ANIIV AVENUE

Aniiv Avenue guideline value

The current guideline value of Aniiv Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Periyanayakkan Palayam SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Aniiv Avenue has changed

The guideline value for Aniiv Avenue has seen revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, and it increased to Rs 330 per sq.ft in the 2024 revision, marking a change of +10%.

With the 2024 revision, Aniiv Avenue's guideline value aligns with the median value of Rs 330 per sq.ft for the 201 streets in Veerapandi under the Periyanayakkan Palayam SRO, which range from Rs 220 to Rs 1,050 per sq.ft.

Guideline values in Veerapandi

In Veerapandi, the guideline values for properties vary significantly. The median value is Rs 330 per sq.ft, which is the same as the current guideline value for Aniiv Avenue. Here are the guideline values for other streets in Veerapandi:

• Anjal Avenue: Rs 390 per sq.ft (2024)
• Anjali Garden: Rs 390 per sq.ft (2024)
• Anna Nagar Arijana Colony: Rs 220 per sq.ft (2024)
• A.M.S.Garden: Rs 390 per sq.ft (2024)
• Anna Nagar Thootapakuthi: Rs 220 per sq.ft (2024)
• Anna Nagar (Ward No15): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Aniiv Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aniiv Avenue?

The Sub Registrar Office that covers Aniiv Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Veerapandi. It serves as a reference point for determining the stamp duty and registration fees that need to be paid.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aniiv Avenue?

The current guideline value of Aniiv Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aniiv Avenue was Rs 300 per sq.ft in 2023 and increased to Rs 330 per sq.ft in 2024, marking a +10% change. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Veerapandi?

In Veerapandi, other streets have varying guideline values. For example, Anjal Avenue and Anjali Garden are both valued at Rs 390 per sq.ft, while Anna Nagar Arijana Colony, Anna Nagar Thootapakuthi, and Anna Nagar (Ward No15) are valued at Rs 220 per sq.ft.

How is stamp duty calculated for properties in Aniiv Avenue?

Stamp duty for properties in Aniiv Avenue is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 29,700.

Where is the Sub Registrar Office for Aniiv Avenue located?

The Sub Registrar Office covering Aniiv Avenue is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. This office handles the registration of properties in the area.