Guideline Value for ANNAI GARDEN

Annai Garden guideline value

The current guideline value of Annai Garden, located in Velampalayam village, is Rs 890 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Annai Garden has changed

Over the years, the guideline value of Annai Garden has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set the current value at Rs 890 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, when looking at the period from 2012 to 2024, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. The guideline value for Annai Garden is above this median.

• Anandha Grand: Rs 705 per sq.ft (2024)
• Anandha Gokulam Avenue: Rs 890 per sq.ft (2024)
• Anandha Avenue Extension: Rs 710 per sq.ft (2024)
• Anna St: Rs 770 per sq.ft (2024)
• Anandha Avenue: Rs 705 per sq.ft (2024)
• Ananda Enclave: Rs 705 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 890 per sq.ft, the total guideline value amounts to Rs 8,90,000. The stamp duty at 7% would be Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total charges to Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Garden?

The Annai Garden area is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It helps determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value as per the local regulations. This helps maintain transparency in property transactions and ensures compliance with state laws.

Frequently asked questions

What is the current guideline value of Annai Garden?

The current guideline value of Annai Garden is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 890 per sq.ft in 2024.

What is the land classification of Annai Garden?

Annai Garden is classified as Mixed Type - I land under the Tiruppur Joint II SRO.

Where can I find the registration office for Annai Garden?

The registration office for Annai Garden is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for property in Annai Garden?

Stamp duty for property in Annai Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.