Guideline Value for Anbu Nagar 3rd Street (ward 15)

Anbu Nagar 3rd Street (ward 15) guideline value

The current guideline value of Anbu Nagar 3rd Street (ward 15) is Rs 1,000 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 - II.

How the guideline value of Anbu Nagar 3rd Street (ward 15) has changed

The guideline value for Anbu Nagar 3rd Street has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value back to Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 25%, culminating in the current guideline value of Rs 1,000 per sq.ft.

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 a median value of Rs 1,000 per sq.ft. Anbu Nagar 3rd Street's 2024 figure aligns with this median.

• Anbu Nagar 2nd Street (ward 15): Rs 1,325 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 1st 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 3rd 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, bringing the total fees to Rs 90,000. It is important to note that the 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 3rd Street (ward 15)?

The Sub Registrar Office that covers Anbu Nagar 3rd 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 stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anbu Nagar 3rd Street (ward 15)?

The current guideline value of Anbu Nagar 3rd 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 is the land classification for Anbu Nagar 3rd Street (ward 15)?

Anbu Nagar 3rd Street (ward 15) is classified as Residential Class I Type - II.

Which Sub Registrar Office covers this area?

The Vadavalli Sub Registrar Office covers Anbu Nagar 3rd Street (ward 15), located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total fees would amount to Rs 90,000.