Guideline Value for Anna Street- Gandhi Nagar

Anna Street- Gandhi Nagar guideline value

The current guideline value of Anna Street- Gandhi Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class V Type - I.

How the guideline value of Anna Street- Gandhi Nagar has changed

Over the years, the guideline value for Anna Street- Gandhi Nagar has seen significant changes. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following that, the value surged to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has increased it further to Rs 1,020 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a remarkable increase of 199%. The overall change from 2012 to 2024 shows an increase of 104% in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making Anna Street- Gandhi Nagar's 2024 figure above that median.

• Annapoorani Nagar: Rs 1,325 per sq.ft (2024)
• Apartment Street: Rs 1,000 per sq.ft (2024)
• Anna Nagar (ward 9): Rs 1,325 per sq.ft (2024)
• Anna Nagar (MTP Road): Rs 1,020 per sq.ft (2024)
• Anna Nagar L Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street- Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,020 per sq.ft, the guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street- Gandhi Nagar?

The Sub Registrar Office covering Anna Street- Gandhi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kavundampalayam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When selling property, the seller must also be aware of the guideline value as it affects the overall transaction process. Accurate knowledge of the guideline value ensures compliance with local regulations and helps in the smooth execution of property transfers.

Frequently asked questions

What is the current guideline value of Anna Street- Gandhi Nagar?

The current guideline value of Anna Street- Gandhi Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, with significant changes in between, including a 199% increase from 2017 to 2023.

What is the land classification for Anna Street- Gandhi Nagar?

Anna Street- Gandhi Nagar is classified as Residential Class V Type - I.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Anna Street- Gandhi Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 10,20,000, the stamp duty would be Rs 71,400.