Guideline Value for ANNAPOORNA LAYOUT 2nd STREET

ANNAPOORNA LAYOUT 2nd STREET guideline value

The current guideline value of ANNAPOORNA LAYOUT 2nd STREET is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the village of Tiruppur Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of ANNAPOORNA LAYOUT 2nd STREET has changed

Over the years, the guideline value of ANNAPOORNA LAYOUT 2nd STREET has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value of ANNAPOORNA LAYOUT 2nd STREET is below this median.

• ANNAPOORNA LAYOUT 1st STREET: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 3rd STREET: Rs 880 per sq.ft (2024)
• Annapoorna Layout: Rs 880 per sq.ft (2024)
• A.P Nagar: Rs 1,100 per sq.ft (2024)
• A P Nagar East: Rs 1,100 per sq.ft (2024)
• Anna Colony: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in ANNAPOORNA LAYOUT 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. 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 ANNAPOORNA LAYOUT 2nd STREET?

The Sub Registrar Office that covers ANNAPOORNA LAYOUT 2nd STREET is the Tiruppur Joint II 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 more information.

How the guideline value is used when you buy or sell in WARD - i

The guideline value is a critical factor in the registration process when buying or selling property in WARD - i. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value helps to establish the official value for taxation purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of ANNAPOORNA LAYOUT 2nd STREET?

The current guideline value of ANNAPOORNA LAYOUT 2nd STREET is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for ANNAPOORNA LAYOUT 2nd STREET?

ANNAPOORNA LAYOUT 2nd STREET is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for ANNAPOORNA LAYOUT 2nd STREET is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the range of guideline values in WARD - i?

The guideline values in WARD - i range from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 1,100 per sq.ft.