Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Naranapuram village under the Palladam SRO, is Rs 445 per sq.ft, effective from 1 July 2024. The land is classified as Residential Class III Type - I.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased significantly by 50% to Rs 450 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the value decreased slightly to Rs 445 per sq.ft, reflecting a change of -1% from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight decline of -1%.

Guideline values in Naranapuram

Naranapuram village features 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median value among these streets is Rs 445 per sq.ft, which is equal to the 2024 guideline value for Annamalai Nagar.

• Arijanacolony: Rs 445 per sq.ft (2024)
• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Amaran Jaiprakash Street: Rs 1,050 per sq.ft (2024)
• Arumuthampalayam Road: Rs 445 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 445 per sq.ft, the total guideline value amounts to Rs 4,45,000. The stamp duty, charged at 7%, would be Rs 31,150, while the registration fee at 2% would be Rs 8,900, leading to a total cost of Rs 40,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Nagar?

The Sub Registrar Office covering Annamalai Nagar is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Naranapuram. It is used to determine the stamp duty and registration fees that buyers must pay at the time of registration. The value ensures that the government receives appropriate revenue based on the property's worth.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall cost of the transaction. Buyers should ensure they are informed about the current rates to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What is the land classification of Annamalai Nagar?

Annamalai Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for property in Annamalai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 4,45,000.

Where is the Sub Registrar Office for Annamalai Nagar located?

The Palladam Sub Registrar Office, which covers Annamalai Nagar, is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.