Guideline Value for ANNPOORNA LAYOUT

Annpoorna Layout guideline value

The current guideline value of Annpoorna Layout, located in Chettipalayam village, is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Annpoorna Layout has changed

In the 2012 revision, the guideline value was set at Rs 575 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which recorded a value of Rs 385 per sq.ft. The subsequent revisions showed significant changes; the value increased by 82% to Rs 700 per sq.ft in the 2023 revision. The 2024 revision maintained this figure at Rs 700 per sq.ft, indicating no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Annpoorna Layout. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with a median value of Rs 703 per sq.ft. Annpoorna Layout's 2024 figure is below this median.

• Anna Nagar West: Rs 703 per sq.ft (2024)
• A P R Nagar: Rs 703 per sq.ft (2024)
• Arichana Colony: Rs 701 per sq.ft (2024)
• Angeripalayam Main Road: Rs 704 per sq.ft (2024)
• Angeripalayam: Rs 704 per sq.ft (2024)
• A.S.M.Colony: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Annpoorna Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annpoorna Layout?

The Sub Registrar Office that covers Annpoorna Layout is the Tiruppur Joint I 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 Chettipalayam

The guideline value is a crucial factor during the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the duty is calculated based on the higher of the guideline value or the sale price. 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 Annpoorna Layout?

The current guideline value of Annpoorna Layout is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with significant increases noted between 2017 and 2023.

What is the land classification of Annpoorna Layout?

Annpoorna Layout is classified as Residential Class I Type - I under the Tiruppur Joint I SRO.

Where can I find the Sub Registrar Office for Annpoorna Layout?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be calculated accordingly.