Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village, under the Periyanayakkan Palayam 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. In 2007, the value was set at Rs 25 per sq.ft. This figure increased dramatically to Rs 450 per sq.ft in 2012, marking a significant rise of 1,700%. However, the value decreased to Rs 301 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision saw the value increase to Rs 450 per sq.ft, and the most recent revision in 2024 raised it to Rs 500 per sq.ft, an increase of 11%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,900%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft, with a median value of Rs 370 per sq.ft. The guideline value for Anna Nagar is above this median.

• Annamalai Nagar: Rs 340 per sq.ft (2024)
• Annamalaiar Garden: Rs 500 per sq.ft (2024)
• Annai Nagar: Rs 340 per sq.ft (2024)
• Annapoorani Nagar: Rs 500 per sq.ft (2024)
• Angalammanpuram - 1: Rs 340 per sq.ft (2024)
• Angalammanpuram: Rs 370 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Gudalur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and ensures transparency in the registration process, as the fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 500 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 25 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 1,900% over the years.

What is the median guideline value in Gudalur?

The median guideline value in Gudalur is Rs 370 per sq.ft, with Anna Nagar's value being above this median at Rs 500 per sq.ft.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registration for Anna Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registration for Anna Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.