Guideline Value for Ananda Nagar

Ananda Nagar guideline value

The current guideline value of Ananda Nagar is Rs 420 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - II.

How the guideline value of Ananda Nagar has changed

The guideline value for Ananda Nagar has seen significant changes over the years. The 2007 revision set the rate at Rs 70 per sq.ft, which increased dramatically to Rs 375 per sq.ft in 2012, marking a 436% rise. However, this value dropped to Rs 251 per sq.ft in 2017, a decrease of 33%. The subsequent revisions saw a substantial increase, with the value rising to Rs 375 per sq.ft in 2023 and then further to Rs 420 per sq.ft in 2024, reflecting a 12% increase from the previous year and an overall increase of 500% from the 2007 figure.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The revisions indicate a clear fluctuation in the guideline values, particularly between the years 2017 and 2024, where the value has increased significantly.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value for these streets is Rs 370 per sq.ft, placing Ananda Nagar's 2024 figure above this median.

• Anandham Avenue: Rs 340 per sq.ft (2024)
• Amsi Nagar: Rs 340 per sq.ft (2024)
• Ammichiamman Kovil Veethi: Rs 620 per sq.ft (2024)
• Anbu Nagar: Rs 370 per sq.ft (2024)
• Andaalpuram: Rs 355 per sq.ft (2024)
• Amman Nagar: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty at 7% would be Rs 29,400, and the registration fee at 2% would be Rs 8,400, bringing the total fees together to Rs 37,800. 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 Ananda Nagar?

The Sub Registrar Office that covers Ananda Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Gudalur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Ananda Nagar?

The current guideline value of Ananda Nagar is Rs 420 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 70 per sq.ft in 2007 to Rs 420 per sq.ft in 2024, marking an overall increase of 500%.

What is the stamp duty rate for properties in Ananda Nagar?

The stamp duty rate for properties in Ananda Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ananda Nagar?

The Sub Registrar Office for Ananda Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What other streets have guideline values in Gudalur?

Other streets in Gudalur under the Periyanayakkan Palayam SRO include Anandham Avenue, Amsi Nagar, Ammichiamman Kovil Veethi, Anbu Nagar, Andaalpuram, and Amman Nagar, each with varying guideline values.