Guideline Value for Annai Increte Nagar

Annai Increte Nagar guideline value

The current guideline value of Annai Increte Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Pattanam village, under the Singanallur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Increte Nagar has changed

Over the years, the guideline value of Annai Increte Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. This was followed by a significant increase to Rs 200 per sq.ft in 2023, and then a further rise to Rs 220 per sq.ft in the 2024 revision, marking a 10% increase from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is a 10% increase.

The register has no figures for the years 2002, 2003, and 2007 for this street. However, it is noteworthy that the increase from 2017 to 2023 was 49%, and the decrease from 2012 to 2017 was 33%.

Guideline values in Pattanam

In Pattanam, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the guideline value of Annai Increte Nagar.

• Annai Gardens: Rs 635 per sq.ft (2024)
• Annai Surammal Nagar: Rs 165 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Amman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Increte Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Increte Nagar?

The Sub Registrar Office covering Annai Increte Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial reference point when registering property transactions in Pattanam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the costs involved in the registration process. This ensures that all parties are informed and comply with the legal requirements during the property transfer.

Frequently asked questions

What is the current guideline value of Annai Increte Nagar?

The current guideline value of Annai Increte Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value 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 median guideline value in Pattanam?

The median guideline value in Pattanam is Rs 220 per sq.ft, which is the same as the current guideline value for Annai Increte Nagar.

What are the stamp duty and registration fees for property in Annai Increte Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,20,000, with a stamp duty of Rs 15,400 and a registration fee of Rs 4,400, totaling Rs 19,800.

Which office handles registrations for Annai Increte Nagar?

The Singanallur Sub Registrar Office handles registrations for Annai Increte Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.