Guideline Value for ANNIPALAYAM

Annipalayam guideline value

The current guideline value of Annipalayam is Rs 711 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Annipalayam has changed

Over the years, the guideline value of Annipalayam has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was later revised to Rs 335 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 500 per sq.ft. The latest revision in 2024 has significantly increased the guideline value to Rs 711 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 shows an increase of 42%. Overall, from 2012 to 2024, the guideline value has risen by 42%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 711 per sq.ft, which is equal to the guideline value of Annipalayam.

• Anna Street Virivu: Rs 715 per sq.ft (2024)
• Anuparpalayam: Rs 890 per sq.ft (2024)
• Anupparpalayam Puthur: Rs 890 per sq.ft (2024)
• Anna St: Rs 770 per sq.ft (2024)
• Appalo Kumaragam Avenue: Rs 770 per sq.ft (2024)
• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Annipalayam

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, together totaling Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annipalayam?

The Sub Registrar Office covering Annipalayam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Velampalayam, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is taken into account for the purpose of registration. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annipalayam?

The current guideline value of Annipalayam is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 711 per sq.ft in 2024.

What is the land classification of Annipalayam?

Annipalayam is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Annipalayam?

The Sub Registrar Office for Annipalayam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the stamp duty for property in Annipalayam?

The stamp duty for property in Annipalayam is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 49,770.