Guideline Value for ANNAMALAIYAR SAKTHI NAGAR

Annamalaiyar Sakthi Nagar guideline value

The current guideline value of Annamalaiyar Sakthi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Andipalayam village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annamalaiyar Sakthi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 275 per sq.ft. This increased to Rs 184 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 280%, reaching Rs 700 per sq.ft. The 2023 revision also maintained the same value of Rs 700 per sq.ft in the 2024 revision, indicating no change in this period.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 155%.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft, with a median value of Rs 701 per sq.ft. The guideline value for Annamalaiyar Sakthi Nagar is below this median.

• Annamalai Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 701 per sq.ft (2024)
• Amarjothibhuveneshwari Nagar: Rs 701 per sq.ft (2024)
• Brindhavan Avenue: Rs 701 per sq.ft (2024)
• Cheran Avenue: Rs 700 per sq.ft (2024)
• Chinnandipalayam: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalaiyar Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 details.

Which Sub Registrar Office covers Annamalaiyar Sakthi Nagar?

The Sub Registrar Office that covers Annamalaiyar Sakthi 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Andipalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay the stamp duty and registration fees calculated on the higher of the guideline value or the sale price. This ensures that transactions are transparent and that the government receives its due revenue from property sales.

Frequently asked questions

What is the current guideline value of Annamalaiyar Sakthi Nagar?

The current guideline value of Annamalaiyar Sakthi 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 275 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with a significant increase of 280% from 2017 to 2023.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Annamalaiyar Sakthi Nagar?

The Tiruppur Joint I Sub Registrar Office covers Annamalaiyar Sakthi Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Annamalaiyar Sakthi Nagar?

Annamalaiyar Sakthi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.