Guideline Value for ANNA STREET VIRIVU

Anna Street Virivu guideline value

The current guideline value of Anna Street Virivu, located in Velampalayam village, is Rs 715 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Street Virivu has changed

The guideline value for Anna Street Virivu has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged in the following 2017 revision, where it was adjusted to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then increased significantly in the 2023 revision to Rs 600 per sq.ft, followed by another increase to Rs 715 per sq.ft in the 2024 revision, marking a 19% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 19%. The 2023 to 2024 change represents a 19% increase, while the 2017 to 2023 period saw a notable increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are a total of 472 streets under the Tiruppur Joint II SRO, each carrying a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for the village is Rs 711 per sq.ft, placing Anna Street Virivu's current value above this median.

• Annipalayam: Rs 711 per sq.ft (2024)
• Anna St: Rs 770 per sq.ft (2024)
• Anuparpalayam: Rs 890 per sq.ft (2024)
• Anupparpalayam Puthur: Rs 890 per sq.ft (2024)
• Appalo Kumaragam Avenue: Rs 770 per sq.ft (2024)
• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street Virivu

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, and the registration fee at 2% would be Rs 14,300. Together, these fees would total Rs 64,350. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street Virivu?

The Sub Registrar Office that covers Anna Street Virivu is the Tiruppur Joint II 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 Velampalayam

The guideline value plays a crucial role in the registration of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, maintaining transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Anna Street Virivu?

The current guideline value of Anna Street Virivu is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, with Anna Street Virivu's current value of Rs 715 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Anna Street Virivu?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 50,050, and the registration fee would be Rs 14,300, totaling Rs 64,350.

Which office handles property registrations for Anna Street Virivu?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Anna Street Virivu, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.