Guideline Value for ANNAI NAGAR (VEERIYAMPALAYAM)

Annai Nagar (Veeriyampalayam) guideline value

The current guideline value of Annai Nagar (Veeriyampalayam) is Rs 1,045 per sq.ft, effective from 1 July 2024. This area falls under KALAPATTY_East village and is classified as Residential Class II Type - I, with the Gandhipuram SRO overseeing the registration.

How the guideline value of Annai Nagar (Veeriyampalayam) has changed

The guideline value for Annai Nagar (Veeriyampalayam) has seen significant changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial rise of 199%. The most recent revision in 2024 set the guideline value at Rs 1,045 per sq.ft, reflecting a 5% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 212%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for this area is Rs 1,055 per sq.ft, indicating that the guideline value for Annai Nagar (Veeriyampalayam) is below this median.

• Annai Pillayar Koil Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Annamalai Industrial Park (Kalappatti): Rs 1,060 per sq.ft (2024)
• Annamalai Residency: Rs 1,040 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,040 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar (Veeriyampalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total cost for these fees to Rs 94,050. 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 these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar (Veeriyampalayam)?

The Sub Registrar Office that covers Annai Nagar (Veeriyampalayam) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the correct revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Annai Nagar (Veeriyampalayam)?

The current guideline value for Annai Nagar (Veeriyampalayam) is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 1,045 per sq.ft, which is an overall increase of 212% by 2024.

What are the stamp duty and registration fees for a property in Annai Nagar?

The stamp duty for a property is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 94,050.

Which Sub Registrar Office handles registrations for Annai Nagar?

The Gandhipuram Sub Registrar Office covers registrations for Annai Nagar (Veeriyampalayam), located near Saravanampatti Police Station.

What is the range of guideline values in KALAPATTY_East?

The guideline values in KALAPATTY_East range from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,055 per sq.ft.