Guideline Value for Anna Nagar (Ward 19)

Anna Nagar (Ward 19) guideline value

The current guideline value of Anna Nagar (Ward 19) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar (Ward 19) has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. However, in the 2017 revision, it decreased to Rs 536 per sq.ft, marking a decline of 33%. The value then increased significantly by 49% to Rs 800 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, resulting in a 0% change between 2023 and 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 800 per sq.ft, showing no net change.

Guideline values in Karamadai

Karamadai village has 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value is Rs 800 per sq.ft, which is equal to the current value of Anna Nagar (Ward 19).

• Anna Nagar (Ward 14): 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 19)

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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar (Ward 19)?

The Sub Registrar Office that covers Anna Nagar (Ward 19) 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 is a critical factor in the registration process when buying or selling property in Karamadai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the registration reflects the true value of the property, as determined by the government guidelines.

Frequently asked questions

What is the current guideline value of Anna Nagar (Ward 19)?

The current guideline value of Anna Nagar (Ward 19) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 800 per sq.ft in 2023 and 2024, an increase from Rs 536 per sq.ft in 2017. The value was Rs 800 per sq.ft in 2012, showing no net change from 2012 to 2024.

What is the land classification for Anna Nagar (Ward 19)?

Anna Nagar (Ward 19) is classified as Residential Class II Type - I, indicating its designation for residential use under the local regulations.

Where can I find the Sub Registrar Office for Anna Nagar (Ward 19)?

The Sub Registrar Office for Anna Nagar (Ward 19) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is stamp duty calculated for properties in Karamadai?

Stamp duty for properties in Karamadai is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.