Guideline Value for ANUSRI AVENUE

Anusri Avenue guideline value

The current guideline value of Anusri Avenue in Kallipalayam village, under the Ganapathy SRO, is Rs 280 per sq.ft. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anusri Avenue has changed

The guideline value for Anusri Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This value decreased to Rs 167 per sq.ft in the 2017 revision, marking a decline of 33%. However, by the 2023 revision, the value increased significantly to Rs 250 per sq.ft, and the latest revision in 2024 has raised it further to Rs 280 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kallipalayam

Kallipalayam village has 72 streets under the Ganapathy SRO, with guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value for the village is Rs 280 per sq.ft, which is equal to the current guideline value of Anusri Avenue.

• Annamalai Park: Rs 280 per sq.ft (2024)
• Annamalai Nagar: Rs 280 per sq.ft (2024)
• Amman Nagar Phase-I: Rs 280 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Azhagumurugan Nagar: Rs 280 per sq.ft (2024)
• Akshara Enclave: Rs 585 per sq.ft (2024)

Stamp duty and registration fee for property in Anusri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total cost for these fees to Rs 25,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anusri Avenue?

The Sub Registrar Office that covers Anusri Avenue is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kallipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying and selling process.

When a property is sold, the guideline value is used to calculate the associated costs, ensuring that the transaction adheres to the regulations set by the Registration Department. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Anusri Avenue?

The current guideline value of Anusri Avenue is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Anusri Avenue?

Anusri Avenue is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Anusri Avenue?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 2,80,000, the total fees would amount to Rs 25,200.

Which office handles registrations for Anusri Avenue?

The Ganapathy Sub Registrar Office is responsible for handling registrations for Anusri Avenue, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.