Guideline Value for Anbu Nagar Extension (ward 15)

Anbu Nagar Extension (ward 15) guideline value

The current guideline value of Anbu Nagar Extension (ward 15) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Anbu Nagar Extension (ward 15) 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 saw a significant increase of 87%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision also maintains this value at Rs 1,000 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 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 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 Extension (ward 15) aligns with this median value.

• Anbu Nagar 5th Street (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar (Ward 14): 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 Extension (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 to Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anbu Nagar Extension (ward 15)?

The Sub Registrar Office that covers Anbu Nagar Extension (ward 15) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when completing a property transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, thus preventing undervaluation. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Anbu Nagar Extension (ward 15)?

The current guideline value of Anbu Nagar Extension (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 1,000 per sq.ft in 2024, showing an overall increase of 25% over this period. The value remained at Rs 1,000 per sq.ft from 2023 to 2024.

What is the land classification for Anbu Nagar Extension (ward 15)?

Anbu Nagar Extension (ward 15) is classified as Residential Class I Type - II. This classification is important for determining the permissible uses of the land.

Where can I find the registration office for Anbu Nagar Extension (ward 15)?

The registration office for Anbu Nagar Extension (ward 15) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Anbu Nagar Extension (ward 15)?

Stamp duty for properties in Anbu Nagar Extension (ward 15) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.