Guideline Value for Anna Nagar (WARD 1)

Anna Nagar (WARD 1) guideline value

The current guideline value for Anna Nagar (WARD 1) is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Sirumugai village under the Mettupalayam Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Anna Nagar (WARD 1) has changed

Since the 2012 revision, the guideline value for Anna Nagar (WARD 1) has seen fluctuations. The value was Rs 600 per sq.ft in 2012, then dropped to Rs 402 per sq.ft in 2017. Following this, it increased to Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating a change of +49% from 2017 to 2023 and a consistent value from 2023 to 2024, with no increase.

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 remained unchanged at Rs 600 per sq.ft.

Guideline values in Sirumugai

In Sirumugai, there are 58 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Anna Nagar (WARD 1) aligns with this median value.

• Anna Street: Rs 200 per sq.ft (2024)
• Ambethkar Nagar: Rs 200 per sq.ft (2024)
• Allur Uliyur Gandhe (WARD 12): Rs 200 per sq.ft (2024)
• Aadhavan Ambal Nagar: Rs 600 per sq.ft (2024)
• Bharathiyar Street (WARD 11): Rs 200 per sq.ft (2024)
• East Street (WARD 2): Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (WARD 1)

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 details.

Which Sub Registrar Office covers Anna Nagar (WARD 1)?

The Sub Registrar Office covering Anna Nagar (WARD 1) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sirumugai, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is officially recorded with the appropriate authorities.

When a buyer and seller agree on a sale price, the higher amount between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar (WARD 1)?

The current guideline value of Anna Nagar (WARD 1) 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 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for property in Anna Nagar (WARD 1)?

For a property valued at Rs 6,00,000, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000. This is calculated based on the guideline value.

Which office handles property registrations in Anna Nagar (WARD 1)?

The Mettupalayam Sub Registrar Office is responsible for property registrations in Anna Nagar (WARD 1). It is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It is essential for calculating stamp duty and registration fees, ensuring that the transaction is officially recorded.