Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Nerinjipettai village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Ammapettai_Erode SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. In 2003, the value was Rs 64 per sq.ft, which increased to Rs 67 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 250 per sq.ft, but this was followed by a decrease to Rs 168 per sq.ft in 2017. The value then rose again to Rs 251 per sq.ft in 2023, before stabilizing at Rs 250 per sq.ft in the 2024 revision, showing no change from the previous year.

Overall, from the 2003 revision to the current 2024 figure, there has been an increase of 291%. It is important to note that there is no figure available for Anna Street in the 2002 revision.

Guideline values in Nerinjipettai

Nerinjipettai village has 36 streets under the Ammapettai_Erode SRO, with 2024 guideline values ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 225 per sq.ft, placing Anna Street's 2024 guideline value above this median.

• Ammasai Maniyagarrar Street: Rs 250 per sq.ft (2024)
• Car Street: Rs 250 per sq.ft (2024)
• Chen Street: Rs 250 per sq.ft (2024)
• Chinnapallam: Rs 200 per sq.ft (2024)
• Chitthaiyan Nagar: Rs 150 per sq.ft (2024)
• Chitthaiyan Nagar - Kattu Kottai: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nerinjipettai. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 64 per sq.ft in 2003 to Rs 250 per sq.ft in 2012, then decreased to Rs 168 per sq.ft in 2017, and finally stabilized at Rs 250 per sq.ft in 2024.

What is the median guideline value in Nerinjipettai?

The median guideline value in Nerinjipettai is Rs 225 per sq.ft, with Anna Street's 2024 value above this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, leading to a stamp duty of Rs 17,500 and a registration fee of Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Anna Street?

The Ammapettai_Erode Sub Registrar Office handles property registrations for Anna Street, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.