Guideline Value for ANNAI NAGAR (VEERIYAMPALAYAM)

Annai Nagar (Veeriyampalayam) guideline value

The current guideline value of Annai Nagar (Veeriyampalayam) is Rs 1,050 per sq.ft, effective from 1 July 2024. This property is located in Kalapatty_west village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

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

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 335 per sq.ft, which rose to Rs 1,000 per sq.ft in the 2023 revision, marking a change of +199%. The latest revision in 2024 has further increased the value to Rs 1,050 per sq.ft, reflecting a +5% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +213%.

Guideline values in Kalapatty_west

In Kalapatty_west village, there are 357 streets under the Gandhipuram SRO with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, positioning Annai Nagar (Veeriyampalayam) below this median.

• Annai Pillayar Koil Street (Kalappatti): Rs 1,050 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 1,045 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,045 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 rate of Rs 1,050 per sq.ft, the guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, bringing the total to Rs 94,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar (Veeriyampalayam)?

The Sub Registrar Office covering 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Kalapatty_west. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is assessed to ensure compliance with local regulations. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Annai Nagar (Veeriyampalayam) is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 335 per sq.ft in 2017 to Rs 1,050 per sq.ft in 2024, an overall increase of +213% over the years.

What is the classification of land in Annai Nagar (Veeriyampalayam)?

The land in Annai Nagar (Veeriyampalayam) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annai Nagar (Veeriyampalayam)?

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

How is the stamp duty calculated for properties in Annai Nagar (Veeriyampalayam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 10,50,000 would incur a stamp duty of Rs 73,500 at 7%.