Guideline Value for Anaipalayam

Anaipalayam guideline value

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

How the guideline value of Anaipalayam has changed

The guideline value for Anaipalayam has seen several revisions over the years. The 2012 revision set the value at Rs 630 per sq.ft, which decreased to Rs 422 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has further increased it to Rs 711 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 66%. The overall change from 2012 to 2024 shows a slight increase of 13% in the guideline value.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing Anaipalayam's 2024 figure above this median.

• Amman Nagar 2nd Street: Rs 706 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 706 per sq.ft (2024)
• Amarjothi Nagar: Rs 710 per sq.ft (2024)
• Athimara Thottam: Rs 701 per sq.ft (2024)
• A.V.M Layout: Rs 711 per sq.ft (2024)
• A.V.M Layout 1st Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Anaipalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to 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, 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anaipalayam?

The Sub Registrar Office that covers Anaipalayam is the Tiruppur Joint II 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 Ward - A

The guideline value is essential during the registration of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anaipalayam?

The current guideline value of Anaipalayam 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 630 per sq.ft in 2012 to Rs 711 per sq.ft in 2024, with various revisions in between, including a significant increase of 66% from 2017 to 2023.

What is the classification of land in Anaipalayam?

Anaipalayam is classified as Commercial Class I Type - II under the guideline value register.

What are the stamp duty and registration fees for property in Anaipalayam?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 63,990 in duties and fees.

Which office handles property registrations in Anaipalayam?

The Tiruppur Joint II Sub Registrar Office handles property registrations in Anaipalayam, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.