Guideline Value for ANNA NAGAR ARIJANA COLONY

Anna Nagar Arijana Colony guideline value

The current guideline value of Anna Nagar Arijana Colony is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Anna Nagar Arijana Colony has changed

In the 2012 revision, the guideline value was Rs 80 per sq.ft. This increased to Rs 54 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, it saw a significant rise to Rs 200 per sq.ft, which is an increase of 270%. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the 2023 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 175%. This progression highlights the fluctuations in the guideline value over the years, culminating in the current rate.

Guideline values in Veerapandi

Veerapandi village has a total of 201 streets under the Periyanayakkan Palayam SRO, with guideline values for 2024 ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, making the current figure for Anna Nagar Arijana Colony below that median.

• Anna Nagar Thootapakuthi: Rs 220 per sq.ft (2024)
• Anna Nagar (Ward No15): Rs 220 per sq.ft (2024)
• Anna Nagar (Ward No 7): Rs 330 per sq.ft (2024)
• Anjali Garden: Rs 390 per sq.ft (2024)
• Anjal Avenue: Rs 390 per sq.ft (2024)
• Aniiv Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Arijana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the 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 assistance.

Which Sub Registrar Office covers Anna Nagar Arijana Colony?

The Sub Registrar Office covering Anna Nagar Arijana Colony 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 property registration in Veerapandi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for transactions. Buyers should be aware of the guideline value to ensure they are not overpaying, while sellers should consider it to set competitive prices for their properties.

Frequently asked questions

What is the current guideline value of Anna Nagar Arijana Colony?

The current guideline value of Anna Nagar Arijana Colony is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 80 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Anna Nagar Arijana Colony?

Anna Nagar Arijana Colony is classified as Residential Class III Type - V.

Where can I find the Sub Registrar Office for Anna Nagar Arijana Colony?

The Sub Registrar Office for Anna Nagar Arijana Colony is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the stamp duty rate for properties in Anna Nagar Arijana Colony?

The stamp duty rate for properties in Anna Nagar Arijana Colony is 7% of the guideline value or sale price, whichever is higher.