Guideline Value for Annai Indira Nagar (or) Colony

Annai Indira Nagar (or) Colony guideline value

The current guideline value for Annai Indira Nagar (or) Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class I Type - III and falls within the Peelamedu SRO in Coimbatore zone, Tamil Nadu.

How the guideline value of Annai Indira Nagar (or) Colony has changed

The guideline value for Annai Indira Nagar (or) Colony has undergone several revisions over the years. In 2007, the guideline value was Rs 570 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value saw a decrease to Rs 1,340 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall increase from 2007 to 2024 is 286%, showcasing a significant upward trend in the guideline value over the years.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Annai Indira Nagar (or) Colony's 2024 figure aligns with this median.

• Ankanna Site (or) A.Theviar Colony (or) Layout: Rs 1,000 per sq.ft (2024)
• Andhoniyar Kovil Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar 1 & 2: Rs 2,750 per sq.ft (2024)
• Anthonimuthu Colony: Rs 1,320 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)
• Appusamy Layout (or) Appusamy Naidu Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar (or) Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers Annai Indira Nagar (or) Colony?

The Sub Registrar Office that covers Annai Indira Nagar (or) Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value plays a crucial role in property transactions in Ward 10. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value is a reference point for the official valuation of the property.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value for Annai Indira Nagar (or) Colony?

The current guideline value for Annai Indira Nagar (or) Colony is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for Annai Indira Nagar (or) Colony?

Annai Indira Nagar (or) Colony is classified under Residential Class I Type - III.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.