Guideline Value for Anna Colony

Anna Colony guideline value

The current guideline value of Anna Colony is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Ward 3 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Anna Colony has changed

The guideline value for Anna Colony has seen several revisions over the years. In 2002, the guideline value was Rs 203 per sq.ft, which increased to Rs 224 per sq.ft in 2003. The value continued to rise, reaching Rs 285 per sq.ft in 2007. However, it then decreased to Rs 350 per sq.ft in 2012, remained at Rs 350 per sq.ft in 2023, and finally, it is set at Rs 350 per sq.ft from the 2024 revision.

Notably, from 2017 to 2023, the guideline value saw a significant increase of 50%, moving from Rs 234 per sq.ft to Rs 350 per sq.ft. The overall change from 2002 to 2024 reflects a 72% increase in the guideline value for this street.

Guideline values in Ward 3

In Ward 3, there are 46 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 883 per sq.ft. The guideline value of Anna Colony is below this median.

• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Arokiyanathapillai Street: Rs 2,000 per sq.ft (2024)
• Arumugham Street: Rs 911 per sq.ft (2024)
• ABT Road: Rs 1,700 per sq.ft (2024)
• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Banglow Road: Rs 1,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Colony?

The Sub Registrar Office covering Anna Colony 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 3

The guideline value plays a crucial role during the registration of property transactions in Ward 3. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the correct amount of duty is paid. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the official value assigned to the property.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 203 per sq.ft in 2002 to Rs 350 per sq.ft in 2024, reflecting an overall increase of 72% over this period.

What is the classification of land in Anna Colony?

Anna Colony is classified as Residential Class III Type - I under the Pollachi SRO.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Where is the Sub Registrar Office for Anna Colony located?

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