Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Sulur village under the Sulur SRO, is Rs 784 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 75 per sq.ft. It increased to Rs 150 per sq.ft in 2007, followed by a significant jump to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017. The 2023 revision saw a rise to Rs 700 per sq.ft, and the current value, effective from 1 July 2024, is Rs 784 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2007, the value increased by 100%, and then surged by 367% from 2007 to 2012. The value decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 12%. Overall, from 2002 to 2024, the guideline value has increased by 945%. The register has no figure for Anna Nagar in 2003.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO carrying a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is the same as the current guideline value for Anna Nagar.

• Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Annamalai settiar lane: Rs 560 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)
• Angamuthu Lane: Rs 448 per sq.ft (2024)
• Angalamman Kovil Street: Rs 784 per sq.ft (2024)
• Appichi Kovil Street: Rs 560 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 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would amount to Rs 54,880, and the registration fee at 2% would be Rs 15,680, making the total cost for these charges Rs 70,560. It is important to note that the duty is charged on the higher of the guideline value and 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 covering Anna Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sulur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation rather than fluctuating market prices.

When a property is registered, the guideline value aids in calculating the total costs involved, which include stamp duty and registration fees. This process ensures transparency and consistency in property transactions within the Sulur SRO jurisdiction.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value of Anna Nagar has changed significantly, from Rs 75 per sq.ft in 2002 to Rs 784 per sq.ft in 2024, reflecting an overall increase of 945%.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,84,000. The stamp duty is Rs 54,880, and the registration fee is Rs 15,680, totaling Rs 70,560.

Which Sub Registrar Office is responsible for Anna Nagar?

The Sulur Sub Registrar Office is responsible for Anna Nagar, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the land classification for Anna Nagar?

The land classification for Anna Nagar is Commercial Class I Type - II, indicating its designation for commercial activities.