Guideline Value for ANNAI VELANKANNI NAGAR

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thetthipalayam village under the Thondamuthur SRO and is classified as Residential Class I Type - III.

How the guideline value of Annai Velankanni Nagar has changed

The guideline value for Annai Velankanni Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 70 per sq.ft, which increased to Rs 175 per sq.ft in 2012. However, it decreased to Rs 117 per sq.ft in 2017, marking a decline of 33%. The value then rose significantly to Rs 175 per sq.ft in 2023, before reaching the current value of Rs 200 per sq.ft in 2024, reflecting a 14% increase.

Overall, from 2007 to 2024, the guideline value has increased by 186%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thetthipalayam

In Thetthipalayam, there are 29 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, placing Annai Velankanni Nagar's current value below this median.

• Arul Nagar: Rs 280 per sq.ft (2024)
• Arumuga Avenue: Rs 200 per sq.ft (2024)
• A K C Avenue: Rs 200 per sq.ft (2024)
• BAHRTHIAR St: Rs 500 per sq.ft (2024)
• Balaji Gardens: Rs 280 per sq.ft (2024)
• Dr KANDHASAMY NAGAR: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 Velankanni Nagar?

The Annai Velankanni Nagar area falls under the jurisdiction of the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Thetthipalayam, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is assessed fairly for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

The current guideline value of Annai Velankanni Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 186% over the years.

What is the median guideline value in Thetthipalayam?

The median guideline value in Thetthipalayam is Rs 280 per sq.ft, while Annai Velankanni Nagar's current value is below this median.

What are the stamp duty rates applicable in Annai Velankanni Nagar?

The stamp duty rate in Annai Velankanni Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai Velankanni Nagar?

The Sub Registrar Office covering Annai Velankanni Nagar is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Coimbatore-641 108.