Guideline Value for Anbu nagar

Anbu nagar guideline value

The current guideline value of Anbu nagar is Rs 310 per sq.ft, effective from 1 July 2024. This area is located in Vellakovil village, under the Vellakovil SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anbu nagar has changed

Since the 2012 revision, the guideline value for Anbu nagar has seen significant changes. In 2012, the value was Rs 160 per sq.ft, which decreased to Rs 107 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value surged to Rs 300 per sq.ft, marking an increase of 180%. The latest revision in 2024 has set the guideline value at Rs 310 per sq.ft, reflecting a 3% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 94%.

Guideline values in Vellakovil

In Vellakovil village, there are 141 streets under the Vellakovil SRO, with 2024 guideline values ranging from Rs 305 to Rs 1,120 per sq.ft. The median guideline value is Rs 312 per sq.ft, placing Anbu nagar's 2024 figure below this median.

• Athanuramman nagar: Rs 308 per sq.ft (2024)
• Gopal thottam: Rs 392 per sq.ft (2024)
• Kamalams Nest: Rs 392 per sq.ft (2024)
• Kavinger Kannadhasan nagar: Rs 308 per sq.ft (2024)
• Kuppanna nagar: Rs 310 per sq.ft (2024)
• Lakshmi Garden: Rs 316 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty is charged at 7%, which totals Rs 21,700, and the registration fee at 2% amounts to Rs 6,200. Together, these fees total Rs 27,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anbu nagar?

Anbu nagar falls under the jurisdiction of the Vellakovil Sub Registrar Office, located at Sro Vellakoil, Kallankaaduvalasu Near Kurinchi Matriculation School, Vellakoil - 638111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor when registering property transactions in Vellakovil. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all transactions. This helps in maintaining a standardized approach to property valuation in the region.

Frequently asked questions

What is the current guideline value of Anbu nagar?

The current guideline value of Anbu nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2012 to Rs 310 per sq.ft in 2024, reflecting a significant increase overall.

What are the stamp duty and registration fees for property in Anbu nagar?

The stamp duty is charged at 7% and the registration fee at 2% on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 27,900.

Which Sub Registrar Office covers Anbu nagar?

Anbu nagar is covered by the Vellakovil Sub Registrar Office, located at Sro Vellakoil, Kallankaaduvalasu Near Kurinchi Matriculation School, Vellakoil - 638111, Coimbatore registration zone.

What is the land classification of Anbu nagar?

Anbu nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.