Guideline Value for Angannan Veedhi

Angannan Veedhi guideline value

The current guideline value of Angannan Veedhi is Rs 310 per sq.ft, effective from 1 July 2024. This street is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Angannan Veedhi has changed

The guideline value for Angannan Veedhi has seen several revisions over the years. In 2012, the value was Rs 280 per sq.ft, which decreased to Rs 188 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 281 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 310 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for Angannan Veedhi. Overall, from 2012 to 2024, the guideline value has increased by 11% despite the dip observed between 2012 and 2017.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with the 2024 guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The guideline value of Angannan Veedhi aligns with the median value of Rs 310 per sq.ft for the village.

• Angalamman Nagar: Rs 310 per sq.ft (2024)
• Annai Indra Nagar: Rs 220 per sq.ft (2024)
• Amutham Nagar: Rs 220 per sq.ft (2024)
• Anna Nagar (Ward - 15): Rs 380 per sq.ft (2024)
• Anna Nagar (Ward 2): Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Angannan Veedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value would be Rs 3,10,000. The stamp duty at 7% would amount to Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total cost for these fees to Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angannan Veedhi?

The Sub Registrar Office that covers Angannan Veedhi is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Narasimmanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the applicable fees, which are calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Angannan Veedhi?

The current guideline value of Angannan Veedhi 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 280 per sq.ft in 2012 to Rs 188 per sq.ft in 2017, then to Rs 281 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What is the land classification for Angannan Veedhi?

Angannan Veedhi is classified as Residential Class I Type - III.

Where is the Sub Registrar Office for Angannan Veedhi located?

The Sub Registrar Office for Angannan Veedhi is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Angannan Veedhi?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,10,000, the stamp duty would be Rs 21,700.