Guideline Value for Anna Avenu

Anna Avenu guideline value

The current guideline value of Anna Avenu, located in Ward 1 village under the Pollachi SRO, is Rs 420 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - II.

How the guideline value of Anna Avenu has changed

Over the years, the guideline value of Anna Avenu has seen several revisions. The register reflects the following figures: in 2002, it was Rs 113 per sq.ft; in 2003, it increased to Rs 127 per sq.ft. Following that, the value rose to Rs 200 per sq.ft in 2007, then to Rs 420 per sq.ft in 2012. The value remained the same in 2023 at Rs 420 per sq.ft, and it continues at this rate in 2024.

Examining the changes between these revisions, from 2002 to 2003, there was an increase of 12%. The value jumped significantly by 57% from 2003 to 2007. A notable rise of 110% occurred between 2007 and 2012. However, there was a decline of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The overall change from 2002 to 2024 is an increase of 272%.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 541 per sq.ft. The guideline value of Anna Avenu is below this median.

• Anna Colony: Rs 675 per sq.ft (2024)
• Anandham Avenue: Rs 1,100 per sq.ft (2024)
• A.P.S.Nagar: Rs 750 per sq.ft (2024)
• Baavani Sankaran Street: Rs 675 per sq.ft (2024)
• Balagobalapuram Street (Block 2,3): Rs 750 per sq.ft (2024)
• Bioyoscope Street: Rs 826 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, and the registration fee at 2% would be Rs 8,400, totaling Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Avenu?

The Sub Registrar Office that covers Anna Avenu is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 1

The guideline value is a crucial factor when registering property transactions in Ward 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value helps in assessing the minimum value for taxation purposes. It is essential for both parties involved in the transaction to understand that the guideline value may influence the overall cost of the property transfer.

Frequently asked questions

What is the current guideline value of Anna Avenu?

The current guideline value of Anna Avenu is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 420 per sq.ft. The overall increase from 2002 to 2024 is 272%.

What are the stamp duty and registration fees for property in Anna Avenu?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,20,000. The stamp duty would be Rs 29,400, and the registration fee would be Rs 8,400, totaling Rs 37,800.

Which Sub Registrar Office covers Anna Avenu?

The Pollachi Sub Registrar Office covers Anna Avenu, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What is the land classification for Anna Avenu?

Anna Avenu is classified as Residential Class IV Type - II, which is important for understanding its intended use and development potential.