Guideline Value for Anna nagar(N K palayam)

Anna nagar(N K palayam) guideline value

The current guideline value for Anna nagar(N K palayam) is Rs 1,232 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Anna nagar(N K palayam) has changed

The guideline value for Anna nagar(N K palayam) has seen several revisions over the years. The earliest recorded revision in 2007 set the guideline value at Rs 400 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, it dropped to Rs 737 per sq.ft in 2017 before rising to Rs 1,100 per sq.ft again in the same year. The most recent revision in 2023 set the value at Rs 1,100 per sq.ft, and it has now increased to Rs 1,232 per sq.ft in 2024.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The change from 2023 to 2024 reflects a 12% rise. Overall, from the 2007 revision to the current 2024 figure, there has been an impressive increase of 208%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam village, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value is Rs 1,232 per sq.ft, which is the same as the current value for Anna nagar(N K palayam). Below are the guideline values for other streets in Uppilipalayam:

• Anna Nagar(peelamedu): Rs 1,680 per sq.ft (2024)
• Anna nagar: Rs 1,232 per sq.ft (2024)
• Anugraha Apartments: Rs 2,800 per sq.ft (2024)
• Anugraha Garden: Rs 2,016 per sq.ft (2024)
• Annai Thresa Street: Rs 1,003 per sq.ft (2024)
• Annai Sandhiya Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Anna nagar(N K palayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value would be Rs 12,32,000. The stamp duty at 7% would amount to Rs 86,240, while the registration fee at 2% would be Rs 24,640. Therefore, the total cost for stamp duty and registration would be Rs 1,10,880. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Anna nagar(N K palayam)?

The Sub Registrar Office covering Anna nagar(N K palayam) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Anna nagar(N K palayam)?

The current guideline value for Anna nagar(N K palayam) is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,232 per sq.ft in 2024, marking an overall increase of 208% over the years.

What are the stamp duty and registration fees for property in Anna nagar(N K palayam)?

For a property valued at Rs 12,32,000, the stamp duty would be Rs 86,240, and the registration fee would be Rs 24,640, totaling Rs 1,10,880.

Which Sub Registrar Office covers Anna nagar(N K palayam)?

The Singanallur Sub Registrar Office covers Anna nagar(N K palayam), located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Anna nagar(N K palayam)?

Anna nagar(N K palayam) falls under the Residential Class I Type - II land classification.