Guideline Value for ANNAI GARDEN

Annai Garden guideline value

The current guideline value of Annai Garden in Muthanampalayam village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Special Type - IV.

How the guideline value of Annai Garden has changed

The guideline value of Annai Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in the 2017 revision, marking a significant rise of 600% to Rs 700 per sq.ft in the 2023 revision. The current guideline value remains unchanged at Rs 700 per sq.ft since the 2023 revision.

There have been no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 367%.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 896 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current value of Annai Garden.

• Annamalai Nagar: Rs 700 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)
• Anna Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Ambal Nagar: Rs 700 per sq.ft (2024)
• Amaravathi Nagar: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Muthanampalayam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately according to government regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The guideline value must be considered when negotiating the sale price, as it directly influences the fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Annai Garden?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with significant changes occurring in the intervening years.

What is the land classification for Annai Garden?

Annai Garden is classified as Residential Special Type - IV, which indicates its designation for residential use.

Where is the Sub Registrar Office for Annai Garden located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for property in Annai Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a stamp duty of Rs 49,000.