Guideline Value for Anbu Nagar 1st Street (ward 15)

Anbu Nagar 1st Street (ward 15) guideline value

The current guideline value of Anbu Nagar 1st Street (ward 15) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village under the Vadavalli SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Anbu Nagar 1st Street (ward 15) has changed

The guideline value for Anbu Nagar 1st Street (ward 15) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then changed to Rs 536 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, an increase of 87%. The most recent revision in 2024 maintains 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 for this street in the register. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with the median value being Rs 1,000 per sq.ft. Anbu Nagar 1st Street's 2024 guideline value is equal to this median.

• 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)
• Anbu Nagar (Ward 14): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Nagar 1st Street (ward 15)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anbu Nagar 1st Street (ward 15)?

The Sub Registrar Office that covers Anbu Nagar 1st Street (ward 15) 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 crucial factor when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Anbu Nagar 1st Street (ward 15)?

The current guideline value of Anbu Nagar 1st Street (ward 15) 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 changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for property in Anbu Nagar 1st Street (ward 15)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Which Sub Registrar Office covers Anbu Nagar 1st Street (ward 15)?

The Vadavalli Sub Registrar Office covers Anbu Nagar 1st Street (ward 15), located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for Anbu Nagar 1st Street (ward 15)?

Anbu Nagar 1st Street (ward 15) falls under the Residential Class I Type - II land classification.