Guideline Value for ANNAMALAI RESIDENCY

Annamalai Residency guideline value

The current guideline value of Annamalai Residency in Kalapatty_west village is Rs 1,045 per sq.ft, effective from 1 July 2024. This property falls under the Gandhipuram SRO and is classified as Residential Class II Type - II.

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 set the value at Rs 268 per sq.ft, while the 2024 revision increased it to Rs 1,045 per sq.ft, marking a substantial increase of 290% between these two revisions. The register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002.

In summary, the 2024 guideline value of Rs 1,045 per sq.ft reflects a considerable rise from the previous figure of Rs 268 per sq.ft established in 2017. This change indicates a notable adjustment in the property values in the area over the years.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 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 guideline value in this area is Rs 1,060 per sq.ft, and Annamalai Residency's 2024 figure is below this median.

• Annamalai Industrial Park (Kalappatti): Rs 1,060 per sq.ft (2024)
• Annai Pillayar Koil Street (Kalappatti): Rs 1,050 per sq.ft (2024)
• Annai Nagar (Veeriyampalayam): Rs 1,050 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,045 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 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total charges Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annamalai Residency?

Annamalai Residency is covered by 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 additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Kalapatty_west. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official property value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of this value can help in planning the financial aspects of property dealings in the area.

Frequently asked questions

What is the current guideline value for Annamalai Residency?

The current guideline value for Annamalai Residency is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 1,045 per sq.ft in 2024, which is an increase of 290%.

What is the median guideline value in Kalapatty_west?

The median guideline value in Kalapatty_west is Rs 1,060 per sq.ft, with Annamalai Residency's value being below this median.

What are the stamp duty and registration fees for property in Annamalai Residency?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 73,150 and the registration fee would be Rs 20,900, totaling Rs 94,050 based on the current guideline value.

Which office handles the registration for Annamalai Residency?

The registration for Annamalai Residency is handled by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.