Guideline Value for ANUSHAM NAGAR

Anusham Nagar guideline value

The current guideline value of Anusham Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under Ward - B village and is classified as Residential Class IV Type - I.

How the guideline value of Anusham Nagar has changed

The guideline value for Anusham Nagar has seen several revisions over the years. In 2003, the value was Rs 314 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value then rose significantly to Rs 600 per sq.ft in 2023, and currently stands at Rs 660 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 110%. Please note that there are no figures available for the years 2002 and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO, with 2024 guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. The median value in this area is Rs 500 per sq.ft, placing Anusham Nagar's value above that median.

• Anna Street: Rs 380 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Abirami Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Anusham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost to Rs 59,400. 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 Anusham Nagar?

The Sub Registrar Office that covers Anusham Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value plays a crucial role in the registration process of property transactions in Ward - B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Anusham Nagar?

The current guideline value of Anusham Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 314 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting a significant overall increase of 110% over this period.

What is the registration office for Anusham Nagar?

The registration office for Anusham Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.

How is stamp duty calculated for properties in Anusham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.

What are the other streets in Ward - B?

Other streets in Ward - B include Anna Street, Arasilango Street, Ariyar Real Estate, Arumugam Nagar, Avanandishwarar Layout, and Abirami Nagar, with varying guideline values.