Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Andipalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 275 per sq.ft, which decreased to Rs 184 per sq.ft in 2017. Following a significant increase, the value rose by 280% to Rs 700 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value increased by 155%.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft, with a median value of Rs 701 per sq.ft. The guideline value for Annamalai Nagar is below this median.

• Annamalaiyar Sakthi Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 701 per sq.ft (2024)
• Amarjothibhuveneshwari Nagar: Rs 701 per sq.ft (2024)
• Brindhavan Avenue: Rs 701 per sq.ft (2024)
• Cheran Avenue: Rs 700 per sq.ft (2024)
• Chinnandipalayam: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, while the registration fee is 2%, totaling Rs 14,000. Together, the total cost for stamp duty and registration fee comes to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annamalai Nagar?

Annamalai Nagar falls under the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Andipalayam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs involved in the registration process. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 275 per sq.ft in 2012 to Rs 184 per sq.ft in 2017, then rose significantly to Rs 700 per sq.ft in 2023, remaining unchanged in 2024.

What is the land classification of Annamalai Nagar?

Annamalai Nagar is classified as Residential Class I Type - II.

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

The Sub Registrar Office covering Annamalai Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Annamalai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,00,000 incurs a stamp duty of Rs 49,000 at a rate of 7%.