Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Vellalore village under the Singanallur SRO, is Rs 275 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it saw a decline to Rs 167 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 250 per sq.ft, and the latest revision in 2024 set it at Rs 275 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median value is Rs 330 per sq.ft, placing Anna Nagar's 2024 figure below this median.

• Annai Santhiya Nagar(Podanur road): Rs 770 per sq.ft (2024)
• Anna Street: Rs 220 per sq.ft (2024)
• Anugraha gardens: Rs 220 per sq.ft (2024)
• Appachiar Street: Rs 275 per sq.ft (2024)
• Appai naidu layout: Rs 330 per sq.ft (2024)
• Appa Naidu Layout Extension: Rs 770 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total to Rs 24,750. It is important to note that 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Vellalore

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation of the property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What is the median guideline value in Vellalore?

The median guideline value in Vellalore is Rs 330 per sq.ft, with Anna Nagar's 2024 figure being below this median.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Anna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 at a rate of 7%.