Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value of Annai Nagar in Villankuruchi village, under the Ganapathy SRO, is Rs 1,008 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Annai Nagar has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a change of 149%. The latest revision in 2024 raised the value to Rs 1,008 per sq.ft, reflecting an increase of 1% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 151%.

Guideline values in Villankuruchi

Villankuruchi has a total of 275 streets under the Ganapathy SRO, with guideline values ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value is Rs 1,008 per sq.ft, which is equal to the current guideline value for Annai Nagar.

• Annai Velankanni Nagar/Udaya Nagar: Rs 1,008 per sq.ft (2024)
• A.N.Nagar: Rs 1,006 per sq.ft (2024)
• Annamalaiyar Avenue Phase-1.2: Rs 1,006 per sq.ft (2024)
• Annamalaiyar Nagar: Rs 1,006 per sq.ft (2024)
• Andiyappa Devar Layout/Viswasapuram: Rs 1,010 per sq.ft (2024)
• Andal Nagar/Sri Ambal Nagar: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, resulting in a total of Rs 90,720. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office covering Annai Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 1,008 per sq.ft in 2024, marking an overall increase of 151%.

What are the stamp duty rates applicable in Annai Nagar?

The stamp duty rate in Annai Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which registration office covers Villankuruchi?

The Ganapathy Sub Registrar Office covers Villankuruchi, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification of Annai Nagar?

Annai Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.