Guideline Value for Anandam Nagar

Anandam Nagar guideline value

The current guideline value of Anandam Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is located in Ramanathapuram village under the Peelamedu SRO, classified as Residential Class III Type - I.

How the guideline value of Anandam Nagar has changed

The guideline value for Anandam Nagar has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 113%, raising the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a slight increase of 1%, bringing the guideline value to Rs 1,010 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 44%.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft, with a median value of Rs 1,700 per sq.ft. Anandam Nagar's 2024 guideline value is below this median.

• Angannan Site: Rs 1,025 per sq.ft (2024)
• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Annamadam Lane: Rs 1,000 per sq.ft (2024)
• Agamudaiyar Lane: Rs 1,005 per sq.ft (2024)
• Abirami Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, resulting in a total cost of Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandam Nagar?

The Anandam Nagar area is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ramanathapuram

The guideline value is a critical factor when buying or selling property in Ramanathapuram. It helps determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the higher value is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anandam Nagar?

The current guideline value of Anandam Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,010 per sq.ft in 2024.

What is the land classification of Anandam Nagar?

Anandam Nagar is classified as Residential Class III Type - I.

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.

How is the stamp duty calculated for properties in Anandam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,10,000, the stamp duty at 7% would be Rs 70,700.