Guideline Value for ANNA NAGAR/ ANDAKKAPALAYAM

Anna Nagar/ Andakkapalayam guideline value

The current guideline value for Anna Nagar/ Andakkapalayam is Rs 335 per sq.ft, effective from 1 July 2024. This area is located in Vellanaipatty village under the Ganapathy Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Anna Nagar/ Andakkapalayam has changed

To understand how the guideline value has evolved, we start with the 2012 revision, which set the value at Rs 200 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 335 per sq.ft, marking a significant rise of 68% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 68%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Vellanaipatty

In Vellanaipatty village, there are 110 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 335 per sq.ft, which is the same as the current guideline value for Anna Nagar/ Andakkapalayam.

• A.P.R Nagar: Rs 335 per sq.ft (2024)
• Andakkapalayam: Rs 220 per sq.ft (2024)
• Aruns Gardens: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)
• Balu Gardens: Rs 335 per sq.ft (2024)
• Bankers Colony: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar/ Andakkapalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty, charged at 7%, would be Rs 23,450, while the registration fee at 2% would be Rs 6,700. Thus, the total cost for stamp duty and registration fee would be Rs 30,150. It is important to note that the 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 details.

Which Sub Registrar Office covers Anna Nagar/ Andakkapalayam?

The Sub Registrar Office that covers Anna Nagar/ Andakkapalayam is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vellanaipatty. When a buyer or seller approaches the Ganapathy SRO for registration, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the established value of the property.

Additionally, the guideline value serves as a benchmark for property transactions in the area. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to facilitate a smooth registration process. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value for Anna Nagar/ Andakkapalayam?

The current guideline value for Anna Nagar/ Andakkapalayam is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced a significant increase from Rs 200 per sq.ft in 2012 to Rs 335 per sq.ft in 2024, marking an overall increase of 68%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 30,150.

Which Sub Registrar Office handles registrations for Anna Nagar/ Andakkapalayam?

The Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, handles registrations for Anna Nagar/ Andakkapalayam.

What is the land classification for Anna Nagar/ Andakkapalayam?

Anna Nagar/ Andakkapalayam is classified as Residential Class I Type - II, indicating its suitability for residential development.