Guideline Value for Anna street

Anna street guideline value

The current guideline value of Anna street in Kallapalayam village is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna street has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This figure then decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for Anna street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kallapalayam

Kallapalayam has 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this village is Rs 140 per sq.ft, making Anna street's 2024 figure of Rs 220 per sq.ft notably above this median.

• Arijana Colony: Rs 140 per sq.ft (2024)
• Arijana Theru: Rs 140 per sq.ft (2024)
• Anbu Nagar: Rs 220 per sq.ft (2024)
• Arunthathiyar Housing unit: Rs 140 per sq.ft (2024)
• Bagathsingh street: Rs 220 per sq.ft (2024)
• Bala Gangadhar Thilagar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Anna street

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna street?

The Sub Registrar Office covering Anna street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, click here.

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

The guideline value plays a crucial role in the registration process of property transactions in Kallapalayam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna street?

The current guideline value of Anna street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna street has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Anna street?

Anna street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Anna street?

The registration office for Anna street is the Singanallur Sub Registrar Office located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Kallapalayam?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property with a guideline value of Rs 2,20,000, the stamp duty at 7% would be Rs 15,400.