Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Sirumugai village, under the Mettupalayam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in the 2017 revision. In the subsequent 2023 revision, the value rose to Rs 200 per sq.ft, remaining unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 100% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Sirumugai

In Sirumugai, there are 58 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 600 per sq.ft. Anna Street's 2024 figure is below this median.

• Anna Nagar (WARD 1): Rs 600 per sq.ft (2024)
• Ambethkar Nagar: Rs 200 per sq.ft (2024)
• Allur Uliyur Gandhe (WARD 12): Rs 200 per sq.ft (2024)
• Aadhavan Ambal Nagar: Rs 600 per sq.ft (2024)
• Bharathiyar Street (WARD 11): Rs 200 per sq.ft (2024)
• East Street (WARD 2): Rs 720 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sirumugai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is registered, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. These fees are essential for the legal transfer of property ownership and must be paid based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Anna Street?

Anna Street is classified under Residential Class III Type - I.

What is the stamp duty for property in Anna Street?

The stamp duty for property in Anna Street is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 14,000.

Where is the Sub Registrar Office for Anna Street located?

The Sub Registrar Office for Anna Street is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.