Guideline Value for Ankanna Site (or) A.Theviar Colony (or) Layout

Ankanna Site (or) A.Theviar Colony (or) Layout guideline value

The current guideline value for Ankanna Site (or) A.Theviar Colony (or) Layout is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class II Type - II.

How the guideline value of Ankanna Site (or) A.Theviar Colony (or) Layout has changed

Over the years, the guideline value for Ankanna Site (or) A.Theviar Colony (or) Layout has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the previous 2017 figure. The 2007 revision had a guideline value of Rs 400 per sq.ft, representing a substantial increase of 150% to the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, indicating that the 2024 figure for Ankanna Site (or) A.Theviar Colony (or) Layout is below this median.

• Annai Indira Nagar (or) Colony: Rs 2,200 per sq.ft (2024)
• Andhoniyar Kovil Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar 1 & 2: Rs 2,750 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)
• Anthonimuthu Colony: Rs 1,320 per sq.ft (2024)
• Ammankulam South Street 1 & 2: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Ankanna Site (or) A.Theviar Colony (or) Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ankanna Site (or) A.Theviar Colony (or) Layout?

The Sub Registrar Office that covers Ankanna Site (or) A.Theviar Colony (or) Layout is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a critical factor when buying or selling property in Ward 10. It serves as a benchmark for determining the minimum value at which property transactions can be registered. The guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions and property classifications. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during property registration.

Frequently asked questions

What is the current guideline value for Ankanna Site (or) A.Theviar Colony (or) Layout?

The current guideline value for Ankanna Site (or) A.Theviar Colony (or) Layout 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 400 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, representing a total increase of 150% over this period.

What is the median guideline value in Ward 10?

The median guideline value in Ward 10 is Rs 2,200 per sq.ft for the year 2024, which is higher than the guideline value for Ankanna Site (or) A.Theviar Colony (or) Layout.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for this area located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.