Guideline Value for ARIGAR ANNA NAGAR

Arigar Anna Nagar guideline value

The current guideline value of Arigar Anna Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class V Type - I.

How the guideline value of Arigar Anna Nagar has changed

The guideline value for Arigar Anna Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 600%. The latest revision in 2024 set the guideline value at Rs 705 per sq.ft, a 1% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 370%.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing Arigar Anna Nagar's 2024 figure below this median.

• Aruljothi Nagar: Rs 713 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)
• Anna Nagar (133): Rs 700 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Annamalaiyar Nagar: Rs 709 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)

Stamp duty and registration fee for property in Arigar Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100. Together, these fees would total Rs 63,450. 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 Arigar Anna Nagar?

The Sub Registrar Office that covers Arigar Anna Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Arigar Anna Nagar?

The current guideline value of Arigar Anna Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2012 to Rs 705 per sq.ft in 2024, reflecting an overall increase of 370% over this period.

What are the other streets with guideline values in Veerapandi?

Other streets in Veerapandi have varying guideline values, with rates ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft.

What are the stamp duty and registration fees for a property in Arigar Anna Nagar?

For a property valued at Rs 7,05,000, the stamp duty would be Rs 49,350, and the registration fee would be Rs 14,100, totaling Rs 63,450.

Where is the Sub Registrar Office for Arigar Anna Nagar located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.