Guideline Value for Anna Nagar (MTP Road)

Anna Nagar (MTP Road) guideline value

The current guideline value of Anna Nagar (MTP Road) is Rs 1,020 per sq.ft, effective from 1 July 2024. This property is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class V Type - I.

How the guideline value of Anna Nagar (MTP Road) has changed

The guideline value for Anna Nagar (MTP Road) has seen significant changes over the years. In 2012, the guideline value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a 199% increase. The most recent revision in 2024 set the guideline value at Rs 1,020 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Anna Nagar (MTP Road) above this median.

• Anna Nagar L Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,000 per sq.ft (2024)
• Anna Nagar E Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar C Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar B Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar (ward 9): Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (MTP Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar (MTP Road)?

The Sub Registrar Office covering Anna Nagar (MTP Road) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kavundampalayam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property must be registered. This ensures transparency and adherence to legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Anna Nagar (MTP Road)?

The current guideline value of Anna Nagar (MTP Road) is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 104% over this period.

What are the stamp duty and registration fees for property in Anna Nagar (MTP Road)?

For a property valued at Rs 10,20,000, the stamp duty would be Rs 71,400 and the registration fee would be Rs 20,400, totaling Rs 91,800.

Which Sub Registrar Office is responsible for Anna Nagar (MTP Road)?

The Vadavalli Sub Registrar Office is responsible for Anna Nagar (MTP Road), located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the median guideline value for streets in Kavundampalayam?

The median guideline value for streets in Kavundampalayam is Rs 1,000 per sq.ft as of 2024, with Anna Nagar (MTP Road) being above this median.