Guideline Value for Anna Nagar (Ward 14)

Anna Nagar (Ward 14) guideline value

The current guideline value of Anna Nagar (Ward 14) is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karamadai village under the Mettupalayam SRO, classified as Residential Class II Type - I.

How the guideline value of Anna Nagar (Ward 14) has changed

Over the years, the guideline value for Anna Nagar (Ward 14) has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision saw a significant increase to Rs 536 per sq.ft, marking a 49% rise from the previous figure. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased again to Rs 800 per sq.ft. Overall, from 2012 to 2024, there has been no change, maintaining the guideline value at Rs 800 per sq.ft.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with the 2024 guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median value for these streets is Rs 800 per sq.ft, making Anna Nagar (Ward 14) align perfectly with this median.

• Anna Nagar (Ward 19): Rs 800 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Aravindar Colony: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (Ward 14)

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar (Ward 14)?

The Sub Registrar Office that covers Anna Nagar (Ward 14) 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 Karamadai

The guideline value plays a crucial role in property transactions in Karamadai. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees.

During registration, the higher of the guideline value and the actual sale price is used to compute these fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the established value of the property in the area.

Frequently asked questions

What is the current guideline value of Anna Nagar (Ward 14)?

The current guideline value of Anna Nagar (Ward 14) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna Nagar (Ward 14) has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to 2023.

What is the stamp duty rate for property in Anna Nagar (Ward 14)?

The stamp duty rate for property transactions in Anna Nagar (Ward 14) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Nagar (Ward 14)?

The Sub Registrar Office for Anna Nagar (Ward 14) is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What is the land classification of Anna Nagar (Ward 14)?

Anna Nagar (Ward 14) is classified as Residential Class II Type - I, which indicates its designation for residential purposes within the area.