Guideline Value for ANNA COLONY

Anna Colony guideline value

The current guideline value of Anna Colony is Rs 1,120 per sq.ft, effective from 1 July 2024. This area falls under Ward - C village, governed by the Tiruppur Joint I SRO, and is classified as Residential Class III Type - II.

How the guideline value of Anna Colony has changed

The guideline value for Anna Colony has seen several revisions over the years. In 2007, the value was set at Rs 740 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, this figure dropped to Rs 670 per sq.ft in 2017, only to rise again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 established the current value at Rs 1,120 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 51%. The revisions for the years 2002 and 2003 have no figures available for this street in the register.

Guideline values in Ward - C

In Ward - C, the guideline values range from Rs 840 to Rs 4,480 per sq.ft, with the median being Rs 1,120 per sq.ft. Anna Colony's 2024 figure aligns with this median.

• Anjal Nagar Main Road: Rs 1,455 per sq.ft (2024)
• Anjal Nagar 60 Feet Road: Rs 1,455 per sq.ft (2024)
• ANJAL NAGAR 1ST to 3rd STREET: Rs 1,455 per sq.ft (2024)
• Angeripalayam Road: Rs 2,015 per sq.ft (2024)
• Angeripalayam Main Road: Rs 2,015 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. 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 further calculations.

Which Sub Registrar Office covers Anna Colony?

The Anna Colony area is covered by the Tiruppur Joint I 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 Ward - C

The guideline value is a crucial factor in the registration of property transactions in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the transaction is registered according to the established regulations.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 740 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with several revisions in between, including a drop to Rs 670 per sq.ft in 2017.

What is the land classification of Anna Colony?

Anna Colony is classified as Residential Class III Type - II, indicating its designation for residential purposes.

Where is the Tiruppur Joint I Sub Registrar Office located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

How is stamp duty calculated in Anna Colony?

Stamp duty in Anna Colony is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at 7%.