Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Ammapettai village under the Ammapettai_Erode SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 18 per sq.ft. This increased to Rs 20 per sq.ft in 2003, marking a rise of 11%. By 2007, the value jumped to Rs 24 per sq.ft, a 20% increase. The 2012 revision set the value at Rs 80 per sq.ft, reflecting a significant increase of 233%. However, this was followed by a decrease to Rs 54 per sq.ft in 2017, which was a drop of 33%. The value surged to Rs 200 per sq.ft in 2023, which was a substantial increase of 270%. The latest revision in 2024 has reduced the guideline value to Rs 100 per sq.ft, a decrease of 50% from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 456%.

Guideline values in Ammapettai

In Ammapettai, there are 30 streets under the Ammapettai_Erode SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Anna Nagar is below this median.

• Anthonipuram: Rs 100 per sq.ft (2024)
• Aattru Orram: Rs 100 per sq.ft (2024)
• Bank Street: Rs 300 per sq.ft (2024)
• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Harijana Colony Ammapettai: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000. Together, the total cost for these fees would be Rs 9,000. 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?

The Sub Registrar Office that covers Anna Nagar is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, 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 Ammapettai

The guideline value is a critical factor in the registration process when buying or selling property in Ammapettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 18 per sq.ft in 2002 to Rs 100 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets with guideline values in Ammapettai?

Other streets in Ammapettai include Anthonipuram and Aattru Orram at Rs 100 per sq.ft, Bank Street and Bharathiyar Street at Rs 300 per sq.ft, Chettiyar Street at Rs 200 per sq.ft, and Harijana Colony Ammapettai at Rs 150 per sq.ft.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Anna Nagar located?

The Sub Registrar Office for Anna Nagar is located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, in the Coimbatore registration zone.