Guideline Value for Anna Nagar B Block (ward 16)

Anna Nagar B Block (ward 16) guideline value

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

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

The guideline value for Anna Nagar B Block (ward 16) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, an increase of 87%. The value remained at Rs 1,000 per sq.ft from 2023 to 2024, showing no change.

Overall, from 2012 to 2024, the guideline value has increased by 25%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with 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, which is equal to the current figure for Anna Nagar B Block (ward 16).

• Anna Nagar C Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar A 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 B 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, making a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar B Block (ward 16)?

The Sub Registrar Office that covers Anna Nagar B Block (ward 16) is the Vadavalli Sub Registrar Office. The address is Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, 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 Kavundampalayam

The guideline value is a crucial factor when registering property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, as it reflects the prevailing market conditions as per the governmental assessment. It is essential for both buyers and sellers to be aware of these values to ensure compliance with legal requirements during property transactions.

Frequently asked questions

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

The current guideline value of Anna Nagar B 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 1,000 per sq.ft in 2024. The value decreased to Rs 536 per sq.ft in 2017 before increasing significantly to Rs 1,000 per sq.ft by 2023 and remaining the same in 2024.

What is the land classification for Anna Nagar B Block (ward 16)?

Anna Nagar B Block (ward 16) is classified as Residential Class I Type - II. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Anna Nagar B Block (ward 16)?

The Sub Registrar Office for Anna Nagar B Block (ward 16) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles all property registrations for the area.

What is the stamp duty rate for property transactions in Anna Nagar B Block (ward 16)?

The stamp duty rate for property transactions in Anna Nagar B Block (ward 16) is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.