Guideline Value for Anna Nagar A Block (ward 16)

Anna Nagar A Block (ward 16) guideline value

The current guideline value of Anna Nagar A Block (ward 16) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Anna Nagar A Block (ward 16) has changed

Over the years, the guideline value for Anna Nagar A Block has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value back to Rs 1,000 per sq.ft. The 2023 revision maintained this value, which remains unchanged in the 2024 revision.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%, now standing at Rs 1,000 per sq.ft.

Guideline values in Kavundampalayam

Kavundampalayam comprises 565 streets under the Vadavalli SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Anna Nagar A Block at the median value.

• Anna Nagar B Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar C Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar E Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,000 per sq.ft (2024)
• Anna Nagar L Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar (MTP Road): Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar A Block (ward 16)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the 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 A Block (ward 16)?

The Sub Registrar Office that covers Anna Nagar A Block (ward 16) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kavundampalayam. It serves as a reference for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official registers.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Nagar A Block (ward 16)?

The current guideline value of Anna Nagar A Block (ward 16) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remains the same in 2024.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the current value for Anna Nagar A Block.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.