Guideline Value for Anandha Nagar 1st Cross Street

Anandha Nagar 1st Cross Street guideline value

The current guideline value of Anandha Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anandha Nagar 1st Cross Street has changed

The guideline value for Anandha Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Anandha Nagar 1st Cross Street.

• Anandha Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Anandha Nagar Main: Rs 1,870 per sq.ft (2024)
• Anandha Krishna Layout: Rs 1,000 per sq.ft (2024)
• Anantha Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Amman Kovil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anandha Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anandha Nagar 1st Cross Street?

The Anandha Nagar 1st Cross Street falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vadavalli. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers should be aware that the guideline value is often referenced during these transactions to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with 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 based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Anandha Nagar 1st Cross Street?

The current guideline value of Anandha Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Anandha Nagar 1st Cross Street?

Anandha Nagar 1st Cross Street is classified as Residential Class I Type - I.

Where can I find the registration office for Anandha Nagar 1st Cross Street?

The registration office for Anandha Nagar 1st Cross Street is the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Anandha Nagar 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 at 7%.