Guideline Value for ANNAI VELANKANNI NAGAR/UDAYA NAGAR

Annai Velankanni Nagar/Udaya Nagar guideline value

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

How the guideline value of Annai Velankanni Nagar/Udaya Nagar has changed

The guideline value for Annai Velankanni Nagar/Udaya Nagar has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 600 per sq.ft. This figure increased to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise to Rs 1,000 per sq.ft, an increase of 149%. The most recent revision in 2024 has set the guideline value at Rs 1,008 per sq.ft, reflecting a 1% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. The guideline value for Annai Velankanni Nagar/Udaya Nagar aligns with this median.

• Annai Nagar: Rs 1,008 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)
• A.N.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 Velankanni Nagar/Udaya 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, totaling Rs 90,720. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Velankanni Nagar/Udaya Nagar?

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

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

The guideline value is a critical factor in the registration of property transactions in Villankuruchi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar/Udaya Nagar?

The current guideline value for Annai Velankanni Nagar/Udaya 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 changed from Rs 600 per sq.ft in 2012 to Rs 1,008 per sq.ft in 2024, with notable increases in 2017 and 2023.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,08,000, leading to a stamp duty of Rs 70,560 and a registration fee of Rs 20,160, totaling Rs 90,720.

Which office handles property registrations in this area?

The Ganapathy Sub Registrar Office handles property registrations for Annai Velankanni Nagar/Udaya Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Coimbatore.

What is the significance of the guideline value?

The guideline value is used to determine the minimum registration value for property transactions and is essential for calculating the associated stamp duty and registration fees.