Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Kallipalayam village under the Ganapathy SRO, is Rs 280 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 250 per sq.ft, which increased by 12% to Rs 280 per sq.ft in the 2024 revision.

As noted, the increase from 2023 to 2024 was 12%. This adjustment brought the guideline value of Annamalai Nagar in line with the median value of Rs 280 per sq.ft for Kallipalayam, reflecting a consistent valuation within the area.

Guideline values in Kallipalayam

Kallipalayam village has a total of 72 streets under the Ganapathy SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median value for these streets is Rs 280 per sq.ft, which matches the current guideline value of Annamalai Nagar.

• Annamalai Park: Rs 280 per sq.ft (2024)
• Anusri Avenue: Rs 280 per sq.ft (2024)
• Amman Nagar Phase-I: Rs 280 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Akshara Enclave: Rs 585 per sq.ft (2024)
• Agaram Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total fees to Rs 25,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annamalai Nagar?

The Annamalai Nagar area falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code for this office is 641006. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Kallipalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the government for taxation purposes. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2023 to Rs 280 per sq.ft in 2024, reflecting a 12% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Annamalai Nagar?

Annamalai Nagar falls under the Residential Class I Type - I land classification. This classification is important for understanding the usage and regulations applicable to the property.

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

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would be Rs 25,200.

Where can I find the Sub Registrar Office for Annamalai Nagar?

The Ganapathy Sub Registrar Office covers Annamalai Nagar and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find more information about your SRO through the provided link.