Guideline Value for Anbalagan Nagar

Anbalagan Nagar guideline value

The current guideline value of Anbalagan Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Anbalagan Nagar has changed

The guideline value for Anbalagan Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a 33% drop. The value continued to rise, reaching Rs 1,200 per sq.ft in 2023, and further increasing by 10% to the current value of Rs 1,325 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 563%. It is important to note that the register has no figures for this street in the years 2002 and 2003.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Anbalagan Nagar's 2024 figure above that median.

• Anbu Nagar 1st Street (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar 2nd Street (ward 15): Rs 1,325 per sq.ft (2024)
• Anbu Nagar 3rd Street (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar 4th Street (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar 5th Street (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar Extension (ward 15): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anbalagan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total cost for these fees to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anbalagan Nagar?

Anbalagan Nagar falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Kavundampalayam. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

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 fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbalagan Nagar?

The current guideline value of Anbalagan Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 563% over the years.

What are the other streets in Kavundampalayam?

Other streets in Kavundampalayam include Anbu Nagar 1st Street, Anbu Nagar 2nd Street, Anbu Nagar 3rd Street, Anbu Nagar 4th Street, Anbu Nagar 5th Street, and Anbu Nagar Extension, with varying guideline values.

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

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

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

The Sub Registrar Office covering Anbalagan Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.