Guideline Value for ANNAI BALAJI GARDEN

Annai Balaji Garden guideline value

The current guideline value of Annai Balaji Garden is Rs 714 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Balaji Garden has changed

The guideline value for Annai Balaji Garden has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 340 per sq.ft. This increased to Rs 228 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 207%, reaching Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 714 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 110%.

Guideline values in Nallur

In Nallur, there are a total of 280 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median value for these streets is Rs 714 per sq.ft, which is equal to the guideline value of Annai Balaji Garden. Below are some other streets in Nallur:

• Annai Vigneswara Nagar: Rs 708 per sq.ft (2024)
• Angalaparameswari Nagar: Rs 708 per sq.ft (2024)
• Angalamman Nagar(405 2a,406 2g): Rs 715 per sq.ft (2024)
• Angalamman Nagar: Rs 715 per sq.ft (2024)
• Annanagar: Rs 714 per sq.ft (2024)
• Anugrakha Phase-I: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Balaji Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 714 per sq.ft, the total guideline value would be Rs 7,14,000. The stamp duty at 7% would amount to Rs 49,980, and the registration fee at 2% would be Rs 14,280. The total cost for stamp duty and registration would therefore be Rs 64,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Balaji Garden?

The Annai Balaji Garden property falls under the jurisdiction of the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When purchasing property, the guideline value helps establish the minimum value on which stamp duty is calculated. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Annai Balaji Garden?

The current guideline value of Annai Balaji Garden is Rs 714 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 340 per sq.ft in 2012 to Rs 714 per sq.ft in 2024, with significant increases in 2017 and 2023.

What is the land classification for Annai Balaji Garden?

Annai Balaji Garden is classified as Residential Class II Type - I.

Where is the Nallur_Tiruppur Sub Registrar Office located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Annai Balaji Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 49,980.