Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar in Rangasamuthiram village is Rs 555 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - III land classification and is registered at the Sathyamangalam SRO.

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 2003, with a guideline value of Rs 72 per sq.ft. This increased to Rs 100 per sq.ft in 2007, followed by a significant jump to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The value then rose sharply to Rs 500 per sq.ft in 2023, and currently stands at Rs 555 per sq.ft since the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall increase in the guideline value is 671%. Notable changes include a 400% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects an 11% increase.

Guideline values in Rangasamuthiram

In Rangasamuthiram, there are 42 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 555 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Anna Nagar is below this median.

• Extension Street No 1: Rs 555 per sq.ft (2024)
• Extension Street No 2: Rs 555 per sq.ft (2024)
• Extension Street No 3: Rs 555 per sq.ft (2024)
• Extension Street No 4: Rs 555 per sq.ft (2024)
• Gopichettipalayam Road Bus Stand South End To Vithaipannai pallam: Rs 1,650 per sq.ft (2024)
• Gopichettipalayam Road(Roundana To Bus Stand): Rs 1,650 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 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, making the total charges Rs 49,950. 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 Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Rangasamuthiram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to avoid overpaying in stamp duty, while sellers can use it to set realistic expectations for their property's selling price.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value of Anna Nagar changed over the years?

The guideline value has changed from Rs 72 per sq.ft in 2003 to Rs 555 per sq.ft in 2024, reflecting an overall increase of 671% since 2003.

What is the land classification for Anna Nagar?

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

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges amount to Rs 49,950.

Where is the Sub Registrar Office for Anna Nagar located?

The Sathyamangalam Sub Registrar Office is located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.