Guideline Value for ANNANAGAR

Annanagar guideline value

The current guideline value of Annanagar, located in Nallur village under the Nallur_Tiruppur SRO, is Rs 714 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Annanagar has changed

The guideline value of Annanagar has seen significant changes over the years. The earliest recorded figure is from 2007, where it was Rs 80 per sq.ft. This increased to Rs 340 per sq.ft in 2012, followed by a decrease to Rs 228 per sq.ft in 2017. The value then rose sharply to Rs 700 per sq.ft in 2023, and currently stands at Rs 714 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 207%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 325%. Overall, from 2007 to 2024, the guideline value has risen by 793%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value is Rs 714 per sq.ft, which is equal to the current guideline value of Annanagar.

• Annai Vigneswara Nagar: Rs 708 per sq.ft (2024)
• Annai Balaji Garden: Rs 714 per sq.ft (2024)
• Anugrakha Phase-I: Rs 840 per sq.ft (2024)
• Angalaparameswari Nagar: Rs 708 per sq.ft (2024)
• Angalamman Nagar(405 2a,406 2g): Rs 715 per sq.ft (2024)
• Angalamman Nagar: Rs 715 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 714 per sq.ft, the total guideline value amounts to Rs 7,14,000. The stamp duty at 7% would be Rs 49,980, and the registration fee at 2% would be Rs 14,280, bringing the total cost to Rs 64,260. It is important to note that 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 Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nallur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the current market conditions. Buyers and sellers must be aware of these values to accurately calculate their costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Annanagar?

The current guideline value of Annanagar is Rs 714 per sq.ft, effective from 1 July 2024.

How has the guideline value of Annanagar changed over the years?

The guideline value has increased from Rs 80 per sq.ft in 2007 to Rs 714 per sq.ft in 2024, reflecting a significant overall rise of 793% since 2007.

What is the land classification for Annanagar?

Annanagar falls under the Residential Class II Type - I land classification.

Where is the Sub Registrar Office for Annanagar located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

How is the stamp duty calculated for property in Annanagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,14,000, the stamp duty would be Rs 49,980 at 7%.