Guideline Value for Anbu Nagar (Ward 14)

Anbu Nagar (Ward 14) guideline value

The current guideline value of Anbu Nagar (Ward 14) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Anbu Nagar (Ward 14) has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, representing an increase of 87%. The 2024 revision has maintained this value at Rs 1,000 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current figure for Anbu Nagar (Ward 14).

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

Stamp duty and registration fee for property in Anbu Nagar (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu Nagar (Ward 14)?

The Sub Registrar Office covering Anbu Nagar (Ward 14) is 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 Kavundampalayam

The guideline value is a critical factor in property transactions in Kavundampalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This value is regularly updated, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Anbu Nagar (Ward 14)?

The current guideline value of Anbu Nagar (Ward 14) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft. The value increased from Rs 536 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and it has remained the same in 2024.

What is the land classification of Anbu Nagar (Ward 14)?

Anbu Nagar (Ward 14) is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Anbu Nagar (Ward 14)?

The registration office for Anbu Nagar (Ward 14) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Anbu Nagar (Ward 14)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.