Guideline Value for Anna Nagar 1 & 2

Anna Nagar 1 & 2 guideline value

The current guideline value for Anna Nagar 1 & 2 is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward 10, under the Peelamedu Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Anna Nagar 1 & 2 has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 178%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 brought the value up to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,750 per sq.ft, an increase of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 206%. It is important to note that the guideline register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with the median value at Rs 2,200 per sq.ft. The guideline value for Anna Nagar 1 & 2 is above this median.

• Annai Indira Nagar (or) Colony: Rs 2,200 per sq.ft (2024)
• Anthonimuthu Colony: Rs 1,320 per sq.ft (2024)
• Ankanna Site (or) A.Theviar Colony (or) Layout: Rs 1,000 per sq.ft (2024)
• Appusamy Layout (or) Appusamy Naidu Road: Rs 3,300 per sq.ft (2024)
• Andhoniyar Kovil Street: Rs 1,320 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 1 & 2

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 1 & 2?

The Sub Registrar Office that covers Anna Nagar 1 & 2 is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is an essential factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When you buy or sell property in Ward 10, the guideline value helps ensure that the transaction is officially recorded and that the appropriate taxes are paid.

During the registration process, the guideline value is compared to the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with government regulations.

Frequently asked questions

What is the current guideline value for Anna Nagar 1 & 2?

The current guideline value for Anna Nagar 1 & 2 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

What is the median guideline value in Ward 10?

The median guideline value in Ward 10 is Rs 2,200 per sq.ft, with Anna Nagar 1 & 2's value being above this median.

What are the stamp duty and registration fees for property in Anna Nagar 1 & 2?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 2,47,500, based on the guideline value.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.