Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Kinathukadavu village, under the Kinathukkadavu SRO, and is classified as Residential Special Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. In 2007, the value was Rs 120 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it dropped to Rs 502 per sq.ft in 2017 before remaining at Rs 750 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the value dropped by 33% from 2012 to 2017. The most significant change occurred from 2007 to 2012, where the value surged by 525%. Overall, from 2007 to 2024, the guideline value has increased by 525%.

Guideline values in Kinathukadavu

In Kinathukadavu, there are 44 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Anna Nagar is above this median.

• Anna Street: Rs 750 per sq.ft (2024)
• Andigoundenpudur: Rs 200 per sq.ft (2024)
• Arisana Colony: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 300 per sq.ft (2024)
• Avvaiyar Street: Rs 750 per sq.ft (2024)
• Barathiar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value would be Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. 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 more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kinathukadavu. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When a buyer purchases property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining it at Rs 750 per sq.ft. Notably, it increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for property in Anna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft would incur a total stamp duty and registration fee of Rs 67,500.