Guideline Value for Annai Indira Nagar

Annai Indira Nagar guideline value

The current guideline value of Annai Indira Nagar is Rs 1,020 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 V Type - I.

How the guideline value of Annai Indira Nagar has changed

Over the years, the guideline value of Annai Indira Nagar has seen significant changes. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a substantial increase of 199%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has further raised the guideline value to Rs 1,020 per sq.ft, reflecting a 2% increase from the 2023 figure.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 104%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft in 2024. The median guideline value for these streets is Rs 1,000 per sq.ft, making the current value of Annai Indira Nagar above this median.

• Annai Amirthanantha Nagar (ward 18): Rs 1,325 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)
• Anna Nagar A Block (ward 16): Rs 1,000 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)

Stamp duty and registration fee for property in Annai Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value would be Rs 10,20,000. The stamp duty at 7% would amount to Rs 71,400, and the registration fee at 2% would be Rs 20,400, resulting in a total cost of Rs 91,800. Please 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 information.

Which Sub Registrar Office covers Annai Indira Nagar?

The Sub Registrar Office that covers Annai Indira Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions adhere to the legal framework established by the local authorities.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar?

The current guideline value of Annai Indira Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 104% over this period.

What is the land classification of Annai Indira Nagar?

Annai Indira Nagar is classified as Residential Class V Type - I.

Where can I find the Vadavalli Sub Registrar Office?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,20,000 would incur a stamp duty of Rs 71,400 at 7%.