Guideline Value for Annai Indira Nagar

Annai Indira Nagar guideline value

The current guideline value of Annai Indira Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - III.

How the guideline value of Annai Indira Nagar has changed

The guideline value of Annai Indira Nagar has seen several revisions over the years. In 2003, the value was Rs 100 per sq.ft, which increased to Rs 125 per sq.ft in 2007. The 2012 revision set the value at Rs 700 per sq.ft, followed by a decrease to Rs 469 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft as of the 2024 revision.

Between the revisions, there have been notable changes. From 2003 to 2007, the value increased by 25%. There was a substantial jump of 460% from 2007 to 2012, but then a decrease of 33% was recorded from 2012 to 2017. The value surged by 113% from 2017 to 2023, and has remained unchanged from 2023 to 2024.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median of Rs 1,100 per sq.ft. Annai Indira Nagar's 2024 guideline value is below this median.

• Annai Velangani Nagar: Rs 1,100 per sq.ft (2024)
• Anna Nagar: Rs 1,004 per sq.ft (2024)
• Anantha Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Anandha Nagar Main: Rs 1,870 per sq.ft (2024)
• Anandha Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Anandha Nagar 1st Cross Street: Rs 1,100 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 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total charges Rs 90,090. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own charges using the stamp duty and registration fee calculator.

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. You can find your SRO for more details.

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

When buying or selling property in Vadavalli, the guideline value plays a crucial role in determining the registration charges. The guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

It is essential to be aware that the guideline value is updated periodically, and it reflects the prevailing rates in the area. Buyers and sellers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar?

The current guideline value of Annai Indira Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2003 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 901% over the years.

What is the land classification for Annai Indira Nagar?

Annai Indira Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annai Indira Nagar?

The Sub Registrar Office for Annai Indira Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.