Guideline Value for Anna Nagar Housing Unit

Anna Nagar Housing Unit guideline value

The current guideline value of the Anna Nagar Housing Unit in Kavundampalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Anna Nagar Housing Unit has changed

The guideline value for Anna Nagar Housing Unit has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, where it returned to Rs 1,000 per sq.ft, and it remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 87%. In contrast, the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 25%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 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, which is the same as the current value for Anna Nagar Housing Unit.

• Anna Nagar E 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 (MTP Road): Rs 1,020 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 A Block (ward 16): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Housing Unit

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, bringing the total costs to 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 Housing Unit?

The Anna Nagar Housing Unit is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Anna Nagar Housing Unit?

The current guideline value of Anna Nagar Housing Unit 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 both 2023 and 2024.

What is the land classification for Anna Nagar Housing Unit?

Anna Nagar Housing Unit is classified as Residential Class I Type - II.

What is the stamp duty rate for property in Anna Nagar Housing Unit?

The stamp duty rate for property in Anna Nagar Housing Unit is 7% of the guideline value or sale price, whichever is higher.

Where is the Vadavalli Sub Registrar Office located?

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