Guideline Value for ANNANAGAR

Annanagar guideline value

The current guideline value of Annanagar, located in Palladam village under the Palladam SRO, is Rs 780 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Annanagar has changed

The guideline value for Annanagar has seen several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and most recently to Rs 780 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 20% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,450 per sq.ft, with a median value of Rs 840 per sq.ft. The guideline value for Annanagar is below this median.

• Andal Nagar: Rs 610 per sq.ft (2024)
• Arijana Colony: Rs 440 per sq.ft (2024)
• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Bharathi Puram: Rs 720 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 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, leading to a total cost of Rs 70,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Annanagar?

The Sub Registrar Office that covers Annanagar is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Palladam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annanagar?

The current guideline value of Annanagar is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 780 per sq.ft in 2024.

What are the other streets in Palladam with their guideline values?

Other streets in Palladam include Andal Nagar at Rs 610 per sq.ft, Arijana Colony at Rs 440 per sq.ft, Aruljothi Nagar at Rs 840 per sq.ft, A.V.M. Layout at Rs 840 per sq.ft, Balaji Nagar at Rs 840 per sq.ft, and Bharathi Puram at Rs 720 per sq.ft.

What is the registration fee for property in Annanagar?

The registration fee for property in Annanagar is calculated based on the guideline value. For example, if the guideline value is Rs 7,80,000, the registration fee at 2% would be Rs 15,600.

Where is the Sub Registrar Office for Annanagar located?

The Sub Registrar Office for Annanagar is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.