Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. In 2007, the value was Rs 70 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 400 per sq.ft, and the most recent revision in 2024 set it at Rs 448 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 540%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which aligns with the guideline value for Annamalai Nagar.

• Anna Nagar: Rs 448 per sq.ft (2024)
• Aruljothi Gardan: Rs 338 per sq.ft (2024)
• Aruljothinagar: Rs 338 per sq.ft (2024)
• Amarjothi Gardan: Rs 334 per sq.ft (2024)
• Amaravathi Nagar: Rs 448 per sq.ft (2024)
• A.S.P. Vetha Nagar: Rs 616 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 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty, charged at 7%, would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960. Therefore, the total cost for stamp duty and registration would be Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Nagar?

The Sub Registrar Office that covers Annamalai Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value helps establish the minimum value for which the property can be registered. This is important for both buyers and sellers, as it impacts the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 448 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 448 per sq.ft in 2024, showing an overall increase of 540% over this period.

What is the land classification for Annamalai Nagar?

Annamalai Nagar is classified as Residential Class II Type - I, which is significant for property transactions in the area.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated in Annamalai Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.