Guideline Value for Anna Harijan Colony

Anna Harijan Colony guideline value

The current guideline value of Anna Harijan Colony, located in Kavundapadi village under the Kavundapadi SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Anna Harijan Colony has changed

Looking back at the revisions, the guideline value for Anna Harijan Colony has seen several changes over the years. In 2007, the value was Rs 106 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a substantial rise of 466%. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 402 per sq.ft. The following revision in 2023 saw the value return to Rs 600 per sq.ft, and it remained unchanged in the 2024 revision.

In summary, the guideline value has increased from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, reflecting an overall increase of 466% over this period. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kavundapadi

In Kavundapadi village, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 600 per sq.ft, which is the same as the guideline value for Anna Harijan Colony. Below are the guideline values for other streets in Kavundapadi:

• Anna Street: Rs 400 per sq.ft (2024)
• Amman Kovil Thottam: Rs 250 per sq.ft (2024)
• Ambethkar Street, M.G.R.Street, Navalar Street: Rs 250 per sq.ft (2024)
• Avarankattur Cross Street: Rs 250 per sq.ft (2024)
• Avarankattur Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Barathi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Harijan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Anna Harijan Colony?

The Sub Registrar Office that covers Anna Harijan Colony is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kavundapadi. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at an appropriate price. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is often used to calculate the stamp duty and registration fees that need to be paid. This ensures that the government receives the correct amount based on the property's value as determined by the guideline.

Frequently asked questions

What is the current guideline value of Anna Harijan Colony?

The current guideline value of Anna Harijan Colony is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, with various fluctuations in between, including a peak in 2012 and a drop in 2017.

What is the land classification of Anna Harijan Colony?

Anna Harijan Colony is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Anna Harijan Colony?

The registration office for Anna Harijan Colony is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is stamp duty calculated for properties in Anna Harijan Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.