Guideline Value for ANNA NAGAR 2nd STREET

ANNA NAGAR 2nd STREET guideline value

The current guideline value of ANNA NAGAR 2nd STREET is Rs 1,004 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village under the Thondamuthur SRO, classified as Residential Class I Type - III.

How the guideline value of ANNA NAGAR 2nd STREET has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This increased to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, reflecting an increase of 113%. The most recent revision in 2024 set the value at Rs 1,004 per sq.ft, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 43%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft, with a median value of Rs 1,014 per sq.ft. ANNA NAGAR 2nd STREET's guideline value is below this median.

• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)
• ANNA NAGAR 3rd STREET: Rs 1,004 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 1,004 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 1,014 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,014 per sq.ft (2024)
• Anna Nagar Housing Unit Phase II: Rs 1,024 per sq.ft (2024)

Stamp duty and registration fee for property in ANNA NAGAR 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total to Rs 90,360. 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 information.

Which Sub Registrar Office covers ANNA NAGAR 2nd STREET?

The Sub Registrar Office that covers ANNA NAGAR 2nd STREET is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Veerakeralam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to calculate the appropriate stamp duty and registration fees during the transaction process.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the registration reflects a fair value based on the established guidelines.

Frequently asked questions

What is the current guideline value of ANNA NAGAR 2nd STREET?

The current guideline value of ANNA NAGAR 2nd STREET is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 700 per sq.ft to Rs 1,004 per sq.ft in 2024. The value saw a significant increase of 113% from 2017 to 2023.

What are the stamp duty and registration fees for properties in ANNA NAGAR 2nd STREET?

The stamp duty for properties in ANNA NAGAR 2nd STREET is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 90,360.

Which office handles property registrations for ANNA NAGAR 2nd STREET?

The Thondamuthur Sub Registrar Office handles property registrations for ANNA NAGAR 2nd STREET, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Thondamuthur.

What is the land classification for ANNA NAGAR 2nd STREET?

ANNA NAGAR 2nd STREET is classified as Residential Class I Type - III, indicating its designation for residential use within the Thondamuthur SRO.