Guideline Value for ANNAI GARDENS

Annai Gardens guideline value

The current guideline value of Annai Gardens is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Peedampalli village under the Singanallur SRO and is classified as Residential Class V Type - I.

How the guideline value of Annai Gardens has changed

The guideline value for Annai Gardens has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 400 per sq.ft, which increased by 10% to Rs 440 per sq.ft in the 2024 revision.

This increase reflects a change in the valuation of the property, with the 2024 figure being the highest recorded for this street. The previous revisions do not have any figures listed for Annai Gardens.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft, with a median value of Rs 165 per sq.ft. Annai Gardens' 2024 figure of Rs 440 per sq.ft is above this median.

• Annai Ganga Nair Township 1 to 4: Rs 165 per sq.ft (2024)
• Annai Surya Nagar: Rs 110 per sq.ft (2024)
• Anna Nagar / Street: Rs 165 per sq.ft (2024)
• Amman Sakthi Nagar: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Adithya Gardens: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Gardens

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Gardens?

The Sub Registrar Office that covers Annai Gardens is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peedampalli. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable charges. This ensures that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Annai Gardens?

The current guideline value of Annai Gardens is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Annai Gardens was Rs 400 per sq.ft in 2023, which increased by 10% to Rs 440 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Annai Gardens?

Annai Gardens is classified as Residential Class V Type - I, indicating its designation for residential purposes.

How is stamp duty calculated for properties in Annai Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.

Where is the Sub Registrar Office for Annai Gardens located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.