Guideline Value for Anna Nagar Colony

Anna Nagar Colony guideline value

The current guideline value of Anna Nagar Colony is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village and falls under the Mettupalayam SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Anna Nagar Colony has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision was Rs 255 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a 135% increase. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value then rose again to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

In summary, from 2017 to 2023, there was a 49% increase, and overall, from 2007 to 2024, the guideline value rose by 135%. The revisions for the years 2002 and 2003 do not have figures for this street in the register.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Anna Nagar Colony is below this median.

• Annaj Road Westside Girls High school Road: Rs 2,000 per sq.ft (2024)
• Annaj Road (Market Road to Sirumugai Road): Rs 2,000 per sq.ft (2024)
• Annaj Road (Market Road): Rs 2,000 per sq.ft (2024)
• Annur Road: Rs 2,000 per sq.ft (2024)
• Annaikara Street 2 (Nellithurai Road South Side): Rs 600 per sq.ft (2024)
• Annaikara Street 1 (Nellithurai Road South Side): Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar Colony?

The Sub Registrar Office that covers Anna Nagar Colony 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 Mettupalayam

The guideline value is a crucial factor in property transactions in Mettupalayam. It serves as a reference point for determining the stamp duty and registration fees payable when buying or selling property. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, it is essential to consider the guideline value, as it ensures that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar Colony?

The current guideline value of Anna Nagar Colony is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 255 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in both 2023 and 2024.

What is the land classification for Anna Nagar Colony?

Anna Nagar Colony is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Anna Nagar Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would be Rs 54,000.

Where can I find the Sub Registrar Office for Anna Nagar Colony?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.