Guideline Value for ANNA NAGAR (WARD NO 7)

Anna Nagar (Ward No 7) guideline value

The current guideline value of Anna Nagar (Ward No 7) is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - II.

How the guideline value of Anna Nagar (Ward No 7) has changed

Over the years, the guideline value of Anna Nagar (Ward No 7) has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, before rising to Rs 330 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

The changes between the revisions are notable. From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO, with the 2024 guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Anna Nagar (Ward No 7).

• Anna Nagar (Ward No15): Rs 220 per sq.ft (2024)
• Anna Nagar Thootapakuthi: Rs 220 per sq.ft (2024)
• Anna Nagar Arijana Colony: Rs 220 per sq.ft (2024)
• Arasamarathu Kinaru Street: Rs 220 per sq.ft (2024)
• Archana Layout: Rs 610 per sq.ft (2024)
• Anjali Garden: Rs 390 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (Ward No 7)

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would amount to 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, making the total fees together Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar (Ward No 7)?

The Sub Registrar Office that covers Anna Nagar (Ward No 7) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Anna Nagar (Ward No 7)?

The current guideline value of Anna Nagar (Ward No 7) is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Anna Nagar (Ward No 7)?

Anna Nagar (Ward No 7) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Anna Nagar (Ward No 7)?

The Sub Registrar Office for Anna Nagar (Ward No 7) is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for property in Anna Nagar (Ward No 7)?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at 7%.