Guideline Value for ANNAN NAGAR

Annan Nagar guideline value

The current guideline value of Annan Nagar, located in Chettipalayam village under the Kinathukkadavu SRO, is Rs 225 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annan Nagar has changed

The guideline value of Annan Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 175 per sq.ft, which then decreased to Rs 117 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, and then further rose to Rs 225 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 29%. The changes from 2017 to 2023 reflect a notable increase of 71%, while the drop from 2012 to 2017 was 33%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO with a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, placing Annan Nagar's current value below this median.

• Anumandharayar Koil Street: Rs 280 per sq.ft (2024)
• Annai Nagar: Rs 280 per sq.ft (2024)
• Annai Indira Nagar: Rs 280 per sq.ft (2024)
• Arasupaniyalar Nagar: Rs 280 per sq.ft (2024)
• Archid Paradise: Rs 280 per sq.ft (2024)
• Arijana Kalani: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Annan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, and the registration fee at 2% would be Rs 4,500, bringing the total fees to Rs 20,250. It is important to note that the 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 Annan Nagar?

The Sub Registrar Office that covers Annan Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

When registering a property, it is essential to reference the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Annan Nagar?

The current guideline value of Annan Nagar is Rs 225 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 225 per sq.ft in 2024.

What is the median guideline value in Chettipalayam?

The median guideline value in Chettipalayam is Rs 280 per sq.ft, with Annan Nagar's current value being below this median.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 20,250.

Which office handles property registration for Annan Nagar?

The Kinathukkadavu Sub Registrar Office handles property registration for Annan Nagar, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.