Guideline Value for ANNAMALAI RESIDENCY

Annamalai Residency guideline value

The current guideline value of Annamalai Residency is Rs 1,040 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village, under the Gandhipuram SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Annamalai Residency has changed

The guideline value for Annamalai Residency has seen significant changes over the years. The 2017 revision recorded a value of Rs 268 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. This marks a substantial increase of 273% from 2017 to 2023. The most recent 2024 revision has further raised the value to Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 288%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, making the guideline value of Annamalai Residency below this median.

• Annamalai Industrial Park (Kalappatti): Rs 1,060 per sq.ft (2024)
• Annai Pillayar Koil Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Annai Nagar (Veeriyampalayam): Rs 1,045 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,040 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, resulting in a total cost of Rs 93,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annamalai Residency?

The Sub Registrar Office that covers Annamalai Residency is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in KALAPATTY_East, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

During the registration process, the buyer must ensure that the property is registered at or above the guideline value. This ensures compliance with local regulations and helps in the proper documentation of the property transfer.

Frequently asked questions

What is the current guideline value of Annamalai Residency?

The current guideline value of Annamalai Residency is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,040 per sq.ft in 2024, marking a total increase of 288% from 2017 to 2024.

What is the land classification of Annamalai Residency?

Annamalai Residency falls under the Residential Class II Type - II land classification.

Where is the Sub Registrar Office for Annamalai Residency located?

The Gandhipuram Sub Registrar Office is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Annamalai Residency?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,40,000, the stamp duty at 7% would be Rs 72,800.