Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value for Annai Nagar, located in Chettipalayam village under the Kinathukkadavu SRO, is Rs 280 per sq.ft. This value is effective from the 1st of July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value of Annai Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in 2017. However, this figure saw a significant increase in the following years, with the 2023 revision raising it to Rs 250 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 280 per sq.ft, marking a 12% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 12%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street, indicating that the register does not provide data for those years.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median value for these streets is Rs 280 per sq.ft, which aligns with the current guideline value for Annai Nagar.

• Annai Indira Nagar: Rs 280 per sq.ft (2024)
• Angalamman Koil Street: Rs 280 per sq.ft (2024)
• Anbu Nagar: Rs 280 per sq.ft (2024)
• Annan Nagar: Rs 225 per sq.ft (2024)
• Ananthapandaram Street: Rs 280 per sq.ft (2024)
• Anumandharayar Koil Street: Rs 280 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 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, while the registration fee at 2% would be Rs 5,600, bringing the total cost for these fees to Rs 25,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. This ensures transparency and helps in the proper documentation of property transactions in the region.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 280 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Annai Nagar?

The land classification for Annai Nagar is Residential Class I Type - I.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000, resulting in a stamp duty of Rs 19,600.