Guideline Value for ANNA NAGAR WARD-5

Anna Nagar Ward-5 guideline value

The current guideline value for Anna Nagar Ward-5 is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kaniyur village and falls under the Kaniyur SRO. The land classification for this ward is Residential Class II Type - I.

How the guideline value of Anna Nagar Ward-5 has changed

The guideline value for Anna Nagar Ward-5 has undergone several revisions over the years. In the 2007 revision, the value was Rs 42 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it then decreased to Rs 134 per sq.ft in the 2017 revision, before rising again to Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in the years 2002 and 2003.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, comparing the 2007 revision to the 2024 revision, there has been a remarkable increase of 376%.

Guideline values in Kaniyur

In Kaniyur, there are 49 streets under the Kaniyur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Anna Nagar Ward-5's value below this median.

• Annamar Kovil Street Ward -12: Rs 250 per sq.ft (2024)
• Annamar Kovil Street Ward -11: Rs 250 per sq.ft (2024)
• Agrahara Street Ward-5: Rs 250 per sq.ft (2024)
• Bajanai Kovil Street-1 Ward -8: Rs 250 per sq.ft (2024)
• Cinema Hall Street Ward -6: Rs 250 per sq.ft (2024)
• Dharakurar Street-1 Ward-8: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Ward-5

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 more details.

Which Sub Registrar Office covers Anna Nagar Ward-5?

The Sub Registrar Office that covers Anna Nagar Ward-5 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kaniyur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Anna Nagar Ward-5?

The current guideline value for Anna Nagar Ward-5 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 42 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Kaniyur?

The median guideline value for streets in Kaniyur is Rs 250 per sq.ft, which is higher than the current value of Anna Nagar Ward-5.

What are the registration fees for property in Anna Nagar Ward-5?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Where can I find the Kaniyur Sub Registrar Office?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.