Guideline Value for Anna Nagar E Block (ward 16)

Anna Nagar E Block (ward 16) guideline value

The current guideline value of Anna Nagar E 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 E Block (ward 16) has changed

The guideline value has undergone several revisions over the years. 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. Following this, the value increased to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 87% from 2017 to 2023.

From 2012 to 2017, there was a decrease of 33%. However, from 2012 to 2024, the overall increase stands at 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Anna Nagar E Block (ward 16) is equal to this median.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be 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. 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 E Block (ward 16)?

The Sub Registrar Office that covers Anna Nagar E 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 plays a crucial role in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kavundampalayam, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for the assessment of property transactions in the area.

Frequently asked questions

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

The current guideline value of Anna Nagar E 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, and then increased to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Anna Nagar E Block (ward 16)?

The land classification of Anna Nagar E Block (ward 16) is Residential Class I Type - II.

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

The Sub Registrar Office for Anna Nagar E Block (ward 16) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for property transactions in Anna Nagar E Block (ward 16)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the total stamp duty and registration fees would amount to Rs 90,000.