Guideline Value for Anbu Nagar 2nd Street (ward 15)

Anbu Nagar 2nd Street (ward 15) guideline value

The current guideline value of Anbu Nagar 2nd Street (ward 15) is Rs 1,325 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anbu Nagar 2nd Street (ward 15) has changed

The guideline value for Anbu Nagar 2nd Street (ward 15) has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This value remained the same until the next revision in 2017, which saw a decrease to Rs 804 per sq.ft. The following revision in 2023 increased the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,325 per sq.ft.

Between the revisions, there were notable changes: from 2017 to 2023, the value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 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 in this area is Rs 1,000 per sq.ft, making the current value of Anbu Nagar 2nd Street (ward 15) above that median.

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

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 or the sale price.

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

Which Sub Registrar Office covers Anbu Nagar 2nd Street (ward 15)?

The Sub Registrar Office that covers Anbu Nagar 2nd Street (ward 15) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anbu Nagar 2nd Street (ward 15)?

The current guideline value of Anbu Nagar 2nd Street (ward 15) 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Anbu Nagar 2nd Street (ward 15)?

Anbu Nagar 2nd Street (ward 15) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Anbu Nagar 2nd Street (ward 15)?

For a property valued at Rs 13,25,000, the stamp duty would be Rs 92,750, and the registration fee would be Rs 26,500, totaling Rs 1,19,250.

Where is the Sub Registrar Office for Anbu Nagar 2nd Street (ward 15)?

The Sub Registrar Office for Anbu Nagar 2nd Street (ward 15) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.