Guideline Value for Annai Abirami Nagar

Annai Abirami Nagar guideline value

The current guideline value of Annai Abirami Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Ward-3 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Abirami Nagar has changed

The guideline value for Annai Abirami Nagar has undergone several revisions over the years. The earliest recorded revision in 2007 set the guideline value at Rs 560 per sq.ft. This increased significantly by 221% to Rs 1,800 per sq.ft in 2012. However, the value then decreased by 33% to Rs 1,206 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 1,800 per sq.ft. As of the latest revision in 2024, the guideline value stands at Rs 2,000 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 257%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value for Annai Abirami Nagar is above this median.

• Angalamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Adi Dravidar Street: Rs 1,000 per sq.ft (2024)
• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, resulting in a total of Rs 1,80,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Abirami Nagar?

The Sub Registrar Office covering Annai Abirami Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-3

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-3. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount 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 Annai Abirami Nagar?

The current guideline value of Annai Abirami Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 257% over the years.

What is the registration office for Annai Abirami Nagar?

The registration office for Annai Abirami Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Annai Abirami Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 20,00,000 would incur a stamp duty of Rs 1,40,000 at 7%.

What are the other streets in Ward-3 with guideline values?

Other streets in Ward-3 include Angalamman Kovil Street at Rs 1,600 per sq.ft, Arul jothi Nagar at Rs 2,000 per sq.ft, and Ashok Nagar also at Rs 2,000 per sq.ft, among others.