Guideline Value for ANNAI GARDEN

Annai Garden guideline value

The current guideline value of Annai Garden is Rs 1,025 per sq.ft, effective from 1 July 2024. This area is located in Chinnavedampatty, under the Gandhipuram SRO, and is classified as Mixed Type - I land.

How the guideline value of Annai Garden has changed

The guideline value for Annai Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and the most recent 2024 revision has further increased it to Rs 1,025 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, significant changes were noted. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 66%. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,095 per sq.ft, placing Annai Garden's 2024 figure below that median.

• Anjukam Nagar: Rs 1,095 per sq.ft (2024)
• Anna Nagar (Velappanayakan Pudur): Rs 1,090 per sq.ft (2024)
• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Amman Kovil Veethi: Rs 1,095 per sq.ft (2024)
• Arul Jothi Layout: Rs 1,095 per sq.ft (2024)
• Arumuga Layout: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,025 per sq.ft, the total guideline value amounts to Rs 10,25,000. The stamp duty at 7% would be Rs 71,750, and the registration fee at 2% would be Rs 20,500, leading to a total of Rs 92,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Garden?

The Sub Registrar Office that covers Annai Garden is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chinnavedampatty. It serves as a benchmark for determining the minimum sale price of properties, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Garden?

The current guideline value of Annai Garden is Rs 1,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,025 per sq.ft in 2024.

What is the land classification of Annai Garden?

Annai Garden is classified as Mixed Type - I land, which indicates a blend of residential and commercial use.

Where can I find the Sub Registrar Office for Annai Garden?

The Sub Registrar Office for Annai Garden is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Annai Garden?

Stamp duty for properties in Annai Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,25,000, the stamp duty at 7% would be Rs 71,750.