Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft. This value is effective from the 2024 revision, which will take place on 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen significant changes over the years. In the 2012 revision, the value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 422%, bringing the value to Rs 700 per sq.ft. The 2023 revision maintained this value, with no change to the current rate in the upcoming 2024 revision.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure of Rs 200 per sq.ft to the 2024 figure of Rs 700 per sq.ft, there has been an increase of 250% over this period.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a guideline value for 2024, ranging from Rs 700 to Rs 896 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Anna Nagar.

• Annamalai Nagar: Rs 700 per sq.ft (2024)
• Annai Garden: Rs 700 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 per sq.ft (2024)
• Aruljothi Garden: Rs 700 per sq.ft (2024)
• Aruljothinagar: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. 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?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with a decrease from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, followed by a rise to Rs 700 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Muthanampalayam?

Other streets in Muthanampalayam have a guideline value of Rs 700 per sq.ft for 2024, including Annamalai Nagar, Annai Garden, Andhithottam, Aruljothi Aruna Nagar, Aruljothi Garden, and Aruljothinagar.

What fees are associated with buying property in Anna Nagar?

When buying property in Anna Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Anna Nagar is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, under the Tiruppur Joint I SRO.