Guideline Value for ANNAMALAIYAR NAGAR

Annamalaiyar Nagar guideline value

The current guideline value of Annamalaiyar Nagar, located in Veerapandi village under the Nallur_Tiruppur SRO, is Rs 709 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Annamalaiyar Nagar has changed

The guideline value for Annamalaiyar Nagar has seen significant changes over the years. The 2012 revision recorded a guideline value of Rs 200 per sq.ft, which increased to Rs 134 per sq.ft in the 2017 revision. Following this, the value surged dramatically to Rs 700 per sq.ft in the 2023 revision, marking a 422% increase from 2017. The latest revision in 2024 shows a slight increase to Rs 709 per sq.ft, reflecting a 1% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 255%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, which is equal to the current value of Annamalaiyar Nagar.

• Anna Nagar (133): Rs 700 per sq.ft (2024)
• Angalamman Nagar: Rs 713 per sq.ft (2024)
• Arigar Anna Nagar: Rs 705 per sq.ft (2024)
• Ammannagar Extn: Rs 709 per sq.ft (2024)
• Amman Nagar ¢(5/2,6/3,7/1,6): Rs 709 per sq.ft (2024)
• Amman Nagar (509): Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalaiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total cost for these fees to Rs 63,810. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annamalaiyar Nagar?

Annamalaiyar Nagar falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Veerapandi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand how these values affect their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Annamalaiyar Nagar?

The current guideline value of Annamalaiyar Nagar is Rs 709 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 255%, rising from Rs 200 per sq.ft to Rs 709 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 134 per sq.ft, which was a decrease from Rs 200 per sq.ft in 2012.

What are the stamp duty and registration fees for a property in Annamalaiyar Nagar?

For a property valued at Rs 7,09,000, the stamp duty at 7% is Rs 49,630, and the registration fee at 2% is Rs 14,180, totaling Rs 63,810.

Which Sub Registrar Office is responsible for Annamalaiyar Nagar?

The Nallur_Tiruppur Sub Registrar Office is responsible for Annamalaiyar Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.