Guideline Value for ANNAI VEETHI

Annai Veethi guideline value

The current guideline value of Annai Veethi is Rs 1,270 per sq.ft, effective from 1 July 2024. This street is located in the village of Vellakinar, under the Gandhipuram SRO, and is classified as Residential Class II Type - III.

How the guideline value of Annai Veethi has changed

The guideline value for Annai Veethi has seen several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2012. This figure increased to Rs 201 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value surged to Rs 1,000 per sq.ft, reflecting a significant increase of 398%. The most recent revision in 2024 set the value at Rs 1,270 per sq.ft, which is an increase of 27% from the previous year.

It is important to note that there are no recorded figures for Annai Veethi in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 323%.

Guideline values in Vellakinar.

In the village of Vellakinar, there are 107 streets under the Gandhipuram SRO that have a guideline value for 2024, ranging from Rs 1,030 to Rs 2,886 per sq.ft. The median guideline value for these streets is Rs 1,876 per sq.ft, placing Annai Veethi's 2024 figure below that median.

• Anna Veethi: Rs 1,876 per sq.ft (2024)
• Ammasai Gounder Veethi: Rs 1,270 per sq.ft (2024)
• Arudra Garden: Rs 2,615 per sq.ft (2024)
• Amarjothi Saroj Nagar: Rs 1,270 per sq.ft (2024)
• Aithinai's Mathura: Rs 1,170 per sq.ft (2024)
• Asthalakshmi Garden: Rs 1,876 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Veethi

For a 1,000 sq.ft plot at the current rate of Rs 1,270 per sq.ft, the guideline value would be Rs 12,70,000. The stamp duty at 7% would amount to Rs 88,900, while the registration fee at 2% would be Rs 25,400. Together, the total cost for these fees would be Rs 1,14,300. Please note that the 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 Veethi?

The Sub Registrar Office that covers Annai Veethi is the Gandhipuram Sub Registrar Office, located at 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 Vellakinar.

The guideline value plays a crucial role in the registration process of property transactions in Vellakinar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value as it influences the total cost involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Annai Veethi?

The current guideline value of Annai Veethi is Rs 1,270 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 300 per sq.ft in 2012 to Rs 1,270 per sq.ft in 2024, marking an overall increase of 323% during this period.

What are the other guideline values in Vellakinar?

Other streets in Vellakinar have varying guideline values, with the median being Rs 1,876 per sq.ft. Annai Veethi's value is below this median.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,14,300.

Which office handles property registrations for Annai Veethi?

The Gandhipuram Sub Registrar Office handles property registrations for Annai Veethi, located on Kalapatti Road, near Saravanampatti Police Station.