Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

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 150 per sq.ft, which increased to Rs 100 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 600%. The 2023 revision maintained the value at Rs 700 per sq.ft, which has remained unchanged in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 367%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft. The median value is Rs 700 per sq.ft, making Annamalai Nagar's current figure equal to this median.

• Anna Nagar: Rs 700 per sq.ft (2024)
• Annai Garden: Rs 700 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 per sq.ft (2024)
• Aruljothi Garden: 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 equals Rs 49,000, and the registration fee at 2% amounts to Rs 14,000. Together, the total cost for stamp duty and registration fee is Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annamalai Nagar?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must be aware that the duty is calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with the legal requirements during property transactions. It also helps in accurately estimating the costs associated with registration, making the process smoother for all parties involved.

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 has changed from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What is the land classification for Annamalai Nagar?

Annamalai Nagar is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

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

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

How is the stamp duty calculated in Annamalai Nagar?

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