Guideline Value for ANNAMALAI PARK

Annamalai Park guideline value

The current guideline value of Annamalai Park in Kallipalayam village is Rs 280 per sq.ft, effective from 1 July 2024. This area falls under the Ganapathy Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Annamalai Park has changed

The guideline value for Annamalai Park has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 280 per sq.ft, which is an increase from the 2023 revision figure of Rs 250 per sq.ft, marking a change of +12%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 250 per sq.ft in 2023 to Rs 280 per sq.ft in 2024. The earlier revisions do not provide any figures for Annamalai Park, indicating a lack of recorded values for those years.

Guideline values in Kallipalayam

In Kallipalayam, there are 72 streets under the Ganapathy SRO, with guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median value is Rs 280 per sq.ft, which is the same as the guideline value for Annamalai Park.

• Annamalai Nagar: 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 Park

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total fees to Rs 25,200. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Park?

Annamalai Park is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 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 crucial factor during property registration in Kallipalayam. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that the fees are calculated based on the current market standards set by the Registration Department.

When buying or selling property, the guideline value helps establish a baseline for the transaction, ensuring that both parties are aware of the official value assigned to the property. This transparency aids in maintaining fairness in property dealings.

Frequently asked questions

What is the current guideline value of Annamalai Park?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 250 per sq.ft in 2023 to Rs 280 per sq.ft in 2024. There are no recorded figures for Annamalai Park in the years 2017, 2012, 2007, 2003, and 2002.

What is the registration office for Annamalai Park?

The Ganapathy Sub Registrar Office covers Annamalai Park, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Annamalai Park?

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 has a guideline value of Rs 2,80,000, leading to a stamp duty of Rs 19,600.

What are the other streets in Kallipalayam with similar guideline values?

Other streets in Kallipalayam, such as Annamalai Nagar, Anusri Avenue, and Amman Nagar Phase-I, also have a guideline value of Rs 280 per sq.ft as of 2024. This indicates a consistent valuation in this area.