Guideline Value for ANNANAGAR

Annanagar guideline value

The current guideline value for Annanagar, located in Villankuruchicorpration village under the Ganapathy SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - II.

How the guideline value of Annanagar has changed

Over the years, the guideline value of Annanagar has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which then increased to Rs 1,000 per sq.ft in 2012. However, this figure dropped to Rs 670 per sq.ft in 2017 before climbing to Rs 1,000 per sq.ft again in 2023. The latest revision in 2024 raised the value to Rs 1,120 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

Examining the percentage changes, the value increased by 233% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 12% increase. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Annanagar is above this median.

• Anna Nagar Balaranganathapuram Nerhur Street: Rs 1,002 per sq.ft (2024)
• Anna Nagar Society Layout: Rs 1,002 per sq.ft (2024)
• Argus Nagar,Valluvar Nagar,1,2,3 Th Cross: Rs 2,800 per sq.ft (2024)
• Arima Crown Meadows: Rs 2,675 per sq.ft (2024)
• Arima Wake Field: Rs 5,600 per sq.ft (2024)
• A.S Nagar: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Annanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, making the total fees Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annanagar?

The Sub Registrar Office that covers Annanagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions within Villankuruchicorpration. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value influences the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annanagar?

The current guideline value of Annanagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, showing an overall increase of 273% over the years.

What are the stamp duty rates for property in Annanagar?

The stamp duty for property in Annanagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

What is the land classification for Annanagar?

Annanagar is classified under Residential Class I Type - II, which indicates its designation for residential purposes within the region.