Guideline Value for Anbu Anna Colony

Anbu Anna Colony guideline value

The current guideline value of Anbu Anna Colony, located in Ooty Town village under the Uthagamandalam -Joint I SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Anbu Anna Colony has changed

Over the years, the guideline value of Anbu Anna Colony has seen several revisions. The 2007 revision set the value at Rs 350 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, before rising again to Rs 500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The overall change from the 2007 revision to the 2024 revision indicates a 43% increase in guideline value.

Guideline values in Ooty Town

In Ooty Town, there are 209 streets under the Uthagamandalam -Joint I SRO, with 2024 guideline values ranging from Rs 500 to Rs 4,251 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, placing Anbu Anna Colony's 2024 figure below this median.

• Anadagiri H/4/1: Rs 1,800 per sq.ft (2024)
• Ambethkar Colony: Rs 500 per sq.ft (2024)
• Annanagar A/3/13: Rs 1,500 per sq.ft (2024)
• Alms House Road E/13/98: Rs 1,800 per sq.ft (2024)
• Alexandera Line: Rs 1,800 per sq.ft (2024)
• Arani House C/25/50: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anbu Anna Colony?

The Sub Registrar Office that covers Anbu Anna Colony is the Uthagamandalam -Joint I Sub Registrar Office, located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ooty Town. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate taxes based on the established guideline values.

When purchasing property, buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This means that if the sale price is lower than the guideline value, the buyer will still pay duty based on the guideline value.

Frequently asked questions

What is the current guideline value of Anbu Anna Colony?

The current guideline value of Anbu Anna Colony is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 both setting the value at Rs 500 per sq.ft. The value has seen increases and decreases in previous years, with a notable increase of 49% from 2017 to 2023.

What is the land classification of Anbu Anna Colony?

Anbu Anna Colony is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Anbu Anna Colony?

The Sub Registrar Office for Anbu Anna Colony is located at Govt Arts College Road, Stone House Hill, Ooty Town, PIN-643001, Coimbatore registration zone.

How is stamp duty calculated for properties in Anbu Anna Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.