Guideline Value for ANNA NAGAR EASTSIDE 1,2,3,4 STREET

Anna Nagar Eastside 1,2,3,4 Street guideline value

The current guideline value for Anna Nagar Eastside 1,2,3,4 Street is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Anna Nagar Eastside 1,2,3,4 Street has changed

The guideline value for Anna Nagar Eastside 1,2,3,4 Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 750 per sq.ft in 2012, reflecting a significant increase of 200%. However, this value dropped to Rs 502 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,010 per sq.ft, a modest increase of 1% from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 304%, showcasing a significant upward trend despite fluctuations in specific years. The jump from Rs 502 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 represents a remarkable increase of 99% over six years.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Anna Nagar Eastside 1,2,3,4 Street's 2024 figure below that median.

• Anna Nagar (Jawahar Nagar): Rs 1,010 per sq.ft (2024)
• Annai Velankanninagar And Extension: Rs 1,010 per sq.ft (2024)
• Annai Thangammal Nagar: Rs 1,010 per sq.ft (2024)
• Apartment: Rs 3,470 per sq.ft (2024)
• Appaainaidu Layout: Rs 1,400 per sq.ft (2024)
• Appaainaidu Layout.Sivasakthi Colony: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Eastside 1,2,3,4 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, resulting in a total of Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Eastside 1,2,3,4 Street?

The Sub Registrar Office covering Anna Nagar Eastside 1,2,3,4 Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a standard value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Anna Nagar Eastside 1,2,3,4 Street?

The current guideline value for Anna Nagar Eastside 1,2,3,4 Street is Rs 1,010 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 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 304% over this period.

What is the registration office for Anna Nagar Eastside 1,2,3,4 Street?

The registration office for Anna Nagar Eastside 1,2,3,4 Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the median guideline value for streets in Ganapathy?

The median guideline value for streets in Ganapathy village is Rs 1,120 per sq.ft, with Anna Nagar Eastside 1,2,3,4 Street's 2024 figure being below this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 10,10,000, the total fees would amount to Rs 90,900.