Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Sowripalayam village, under the Peelamedu SRO, and is classified as Residential Class I Type - I.

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, where the value was Rs 265 per sq.ft. In 2003, it increased to Rs 299 per sq.ft, marking a 13% rise. The following revision in 2007 saw a significant jump to Rs 553 per sq.ft, which is an increase of 85%. However, in 2012, the value reverted to Rs 3,200 per sq.ft, reflecting a decrease of 33% from the previous revision.

In 2017, the guideline value rose to Rs 2,144 per sq.ft, which was a 49% increase. The most recent revision in 2023 set the value at Rs 3,200 per sq.ft, and the current value of Rs 3,520 per sq.ft from the 2024 revision represents a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,228%.

Guideline values in Sowripalayam

Sowripalayam has a total of 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Appulu Ayyar Road or Lane: Rs 2,300 per sq.ft (2024)
• Ara Gounder Street: Rs 1,010 per sq.ft (2024)
• Anantha Thiruvenkatasamy Street: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. 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?

The Sub Registrar Office that covers Anna Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sowripalayam. It is the basis on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value must be considered, as it can influence the overall cost of the transaction. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 265 in 2002 to Rs 3,520 in 2024, reflecting an overall increase of 1,228% over this period.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty for property in Anna Nagar?

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

Where is the Sub Registrar Office for Anna Nagar located?

The Peelamedu Sub Registrar Office, which covers Anna Nagar, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.