Guideline Value for Annai Amirthanantha Nagar (ward 18)

Annai Amirthanantha Nagar (ward 18) guideline value

The current guideline value of Annai Amirthanantha Nagar (ward 18) is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Annai Amirthanantha Nagar (ward 18) has changed

The guideline value for Annai Amirthanantha Nagar has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then rose again to Rs 1,325 per sq.ft in the 2024 revision. Notably, there are no figures for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, when comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a guideline value for 2024, with values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Annai Amirthanantha Nagar's 2024 figure above that median.

• Annai Indira Nagar: Rs 1,020 per sq.ft (2024)
• Angappa School Backside (Ward 14): Rs 1,000 per sq.ft (2024)
• Angappa Layout: Rs 1,325 per sq.ft (2024)
• Anbu Nagar (Ward 14): Rs 1,000 per sq.ft (2024)
• Anbu Nagar Extension (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar 5th Street (ward 15): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Amirthanantha Nagar (ward 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, while the registration fee at 2% would be Rs 26,500, bringing the total fees together to Rs 1,19,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Amirthanantha Nagar (ward 18)?

The Sub Registrar Office that covers Annai Amirthanantha Nagar (ward 18) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Annai Amirthanantha Nagar?

The current guideline value of Annai Amirthanantha Nagar (ward 18) is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Annai Amirthanantha Nagar?

The land classification for Annai Amirthanantha Nagar (ward 18) is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Annai Amirthanantha Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,25,000, the stamp duty at 7% would be Rs 92,750.