Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar in Periyanegamam village, under the Negamam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. Starting from Rs 34 per sq.ft in 2002, it increased to Rs 50 per sq.ft in 2007, marking a 47% rise. The value then jumped significantly to Rs 200 per sq.ft in 2012, reflecting a 300% increase. However, the value dropped to Rs 134 per sq.ft in 2017, a decrease of 33%. The 2023 revision maintained the value at Rs 200 per sq.ft, and the same value continues into the 2024 revision, resulting in no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 488%. It is important to note that the register has no figure for this street in 2003.

Guideline values in Periyanegamam

In Periyanegamam, there are 91 streets under the Negamam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with the median being Rs 200 per sq.ft. The guideline value for Anna Nagar is equal to this median.

• Anna Nagar R.I. Office Backside: Rs 200 per sq.ft (2024)
• Anguli Chettiar Lane: Rs 200 per sq.ft (2024)
• Andigounder Street: Rs 200 per sq.ft (2024)
• Arumugam Chettiar Street: Rs 200 per sq.ft (2024)
• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Pillai 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 guideline value of Rs 200 per sq.ft, the total 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, bringing the total to Rs 18,000. Please note that 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?

The Sub Registrar Office that covers Anna Nagar is the Negamam Sub Registrar Office, located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyanegamam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar 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 multiple times, starting from Rs 34 per sq.ft in 2002 to Rs 200 per sq.ft in 2012, then decreasing to Rs 134 per sq.ft in 2017, and returning to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Periyanegamam with the same guideline value?

Other streets in Periyanegamam that share the same guideline value of Rs 200 per sq.ft include Anna Nagar R.I. Office Backside, Anguli Chettiar Lane, Andigounder Street, Arumugam Chettiar Street, Arumugam Nagar, and Arumugam Pillai Street.

Where can I find the Sub Registrar Office for Anna Nagar?

The Sub Registrar Office for Anna Nagar is located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.

How is stamp duty calculated for properties in Anna Nagar?

Stamp duty for properties in Anna Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000 at a rate of 7%.