Guideline Value for ANNAI SATHYA COLONY

Annai Sathya Colony guideline value

The current guideline value of Annai Sathya Colony is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Neruperichal village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Annai Sathya Colony has changed

The guideline value for Annai Sathya Colony has experienced several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 705 per sq.ft, marking a rise of 251%. The most recent revision in 2024 maintained the value at Rs 705 per sq.ft, showing no change from the 2023 figure.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 135% in the guideline value.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,008 per sq.ft. The median value for these streets is Rs 705 per sq.ft, which is equal to the guideline value of Annai Sathya Colony.

• Anna Nagar: Rs 896 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Akilandammal Nagar: Rs 705 per sq.ft (2024)
• Agham Paradise: Rs 705 per sq.ft (2024)
• Avs Naveen Garden: Rs 705 per sq.ft (2024)
• A.V.S Naveen Richland: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total fees to Rs 63,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Colony?

The Sub Registrar Office that covers Annai Sathya Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Neruperichal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps buyers and sellers ensure compliance with local regulations and accurately assess the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Annai Sathya Colony?

The current guideline value of Annai Sathya Colony is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 705 per sq.ft in 2023 and remained unchanged in 2024.

What is the land classification for Annai Sathya Colony?

Annai Sathya Colony is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Annai Sathya Colony?

The Sub Registrar Office for Annai Sathya Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated in Annai Sathya Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 63,450.