Guideline Value for ANNA NAGAR WEST

Anna Nagar West guideline value

The current guideline value of Anna Nagar West is Rs 703 per sq.ft, effective from 1 July 2024. This area is located in Chettipalayam village under the Tiruppur Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Anna Nagar West has changed

The guideline value for Anna Nagar West has seen several revisions over the years. From the 2012 revision, which was Rs 350 per sq.ft, it increased to Rs 234 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged by 200% to reach Rs 703 per sq.ft. The 2024 revision maintained this figure, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 101%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is equal to the current figure for Anna Nagar West.

• Annpoorna Layout: Rs 700 per sq.ft (2024)
• A P R Nagar: Rs 703 per sq.ft (2024)
• Arichana Colony: Rs 701 per sq.ft (2024)
• Angeripalayam Main Road: Rs 704 per sq.ft (2024)
• Angeripalayam: Rs 704 per sq.ft (2024)
• A.S.M.Colony: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar West

For a 1,000 sq.ft plot at the current rate of Rs 703 per sq.ft, the guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, making the total cost Rs 63,270. 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 West?

The Sub Registrar Office covering Anna Nagar West is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value when finalizing the sale price to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for taxation purposes. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar West?

The current guideline value of Anna Nagar West is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 703 per sq.ft in 2023 and 2024. There were no figures for the years 2002, 2003, and 2007.

What is the registration office for Anna Nagar West?

The registration office for Anna Nagar West is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Anna Nagar West?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 703 per sq.ft, the total guideline value is Rs 7,03,000, leading to a stamp duty of Rs 49,210.

What are the other streets in Chettipalayam with guideline values?

Other streets in Chettipalayam include Annpoorna Layout at Rs 700 per sq.ft, A P R Nagar at Rs 703 per sq.ft, and Arichana Colony at Rs 701 per sq.ft, among others. These values vary within the range of Rs 700 to Rs 1,000 per sq.ft.