Guideline Value for ANNAI VIGNESWARA NAGAR

Annai Vigneswara Nagar guideline value

The current guideline value of Annai Vigneswara Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Annai Vigneswara Nagar has changed

The guideline value for Annai Vigneswara Nagar has seen significant changes over the years. In 2012, the value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, an increase of 319%. The most recent revision in 2024 set the guideline value at Rs 708 per sq.ft, reflecting a 1% rise from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, there has been an increase of 183% in the guideline value.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO carrying a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft, with a median value of Rs 714 per sq.ft. The guideline value of Annai Vigneswara Nagar is below this median.

• Annai Balaji Garden: Rs 714 per sq.ft (2024)
• Annanagar: Rs 714 per sq.ft (2024)
• Angalaparameswari Nagar: Rs 708 per sq.ft (2024)
• Angalamman Nagar(405 2a,406 2g): Rs 715 per sq.ft (2024)
• Angalamman Nagar: Rs 715 per sq.ft (2024)
• Anugrakha Phase-I: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Vigneswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 708 per sq.ft, the guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, totaling Rs 63,720. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Vigneswara Nagar?

The Sub Registrar Office that covers Annai Vigneswara Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Nallur. It serves as a benchmark to determine the stamp duty and registration fees applicable on property sales. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When you buy or sell property, the guideline value helps in calculating the costs associated with the transaction. It is essential for both parties to be aware of the current guideline value to avoid discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Annai Vigneswara Nagar?

The current guideline value of Annai Vigneswara Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 250 per sq.ft to Rs 708 per sq.ft in 2024, representing an overall increase of 183%.

What is the land classification for Annai Vigneswara Nagar?

Annai Vigneswara Nagar is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for a property in Annai Vigneswara Nagar?

For a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 and the registration fee would be Rs 14,160, totaling Rs 63,720.

Which Sub Registrar Office covers Annai Vigneswara Nagar?

The Nallur_Tiruppur Sub Registrar Office covers Annai Vigneswara Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.