Guideline Value for ANNAI VELANGANI NAGER

Annai Velangani Nager guideline value

The current guideline value of Annai Velangani Nager is Rs 1,006 per sq.ft, effective from 1 July 2024. This property is located in Veerakeralam village, under the Thondamuthur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annai Velangani Nager has changed

The guideline value for Annai Velangani Nager has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 175 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,006 per sq.ft as of the 2024 revision.

In terms of percentage changes, from 2007 to 2012, the value increased by 357%. However, it decreased by 33% from 2012 to 2017. The value saw a substantial increase of 87% from 2017 to 2023, and a slight rise of 1% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 475%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, placing Annai Velangani Nager's 2024 figure below that median.

• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)
• ANNA NAGAR 2nd STREET: Rs 1,004 per sq.ft (2024)
• ANNA NAGAR 3rd STREET: Rs 1,004 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 1,004 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 1,014 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velangani Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, making the total cost for these fees Rs 90,540. It is important to 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 further calculations.

Which Sub Registrar Office covers Annai Velangani Nager?

The Sub Registrar Office that covers Annai Velangani Nager is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerakeralam. It serves as a benchmark for determining the minimum value at which transactions must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable fees. This ensures that both buyers and sellers are aware of the minimum value recognized by the government, providing transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Velangani Nager?

The current guideline value of Annai Velangani Nager is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, with several revisions in between. The most significant increase was from Rs 536 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,540 based on the current guideline value.

Which office handles property registration for Annai Velangani Nager?

The Thondamuthur Sub Registrar Office handles property registration for Annai Velangani Nager. It is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that the appropriate stamp duty and registration fees are collected by the government. It provides a transparent basis for property transactions in Veerakeralam.