Guideline Value for Anna Nagar (Ward 2)

Anna Nagar (Ward 2) guideline value

The current guideline value of Anna Nagar (Ward 2) is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Anna Nagar (Ward 2) has changed

Over the years, the guideline value of Anna Nagar (Ward 2) has undergone several revisions. The most recent revision in 2024 set the value at Rs 1,075 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking an 8% rise. Prior to that, the value was Rs 636 per sq.ft in 2017 and Rs 950 per sq.ft in 2012, reflecting a significant increase of 57% from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The overall change from 2012 to 2024 shows a modest increase of 13%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. The guideline value has shown fluctuations, with the 2012 figure being Rs 950 per sq.ft, which was lower than the 2017 figure, and the subsequent increase in 2023 and 2024 indicates a shift in the valuation.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, positioning Anna Nagar (Ward 2) above this median value.

• Anna Nagar West, Pollachi Road (Ward 1): Rs 1,075 per sq.ft (2024)
• Anna Nagar (Silver Jubliee Street) (Ward 3): Rs 1,040 per sq.ft (2024)
• Annapuram Main Cross Street III (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street II (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street IV (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street I (Ward 15): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (Ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees together to Rs 96,750. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Anna Nagar (Ward 2)?

The Sub Registrar Office covering Anna Nagar (Ward 2) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are recorded at a fair value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers should always be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar (Ward 2)?

The current guideline value of Anna Nagar (Ward 2) is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 1,075 per sq.ft in 2024, reflecting an overall increase of 13%. The most significant change was an increase of 57% from Rs 636 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Anna Nagar (Ward 2)?

For a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250, and the registration fee would be Rs 21,500, totaling Rs 96,750. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Anna Nagar (Ward 2)?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations in Anna Nagar (Ward 2). It is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification for Anna Nagar (Ward 2)?

The land classification for Anna Nagar (Ward 2) is Residential Special Type - IV, indicating its designated use for residential purposes within the area.