Guideline Value for Annai Indra Nagar

Annai Indra Nagar guideline value

The current guideline value of Annai Indra Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Indra Nagar has changed

The guideline value for Annai Indra Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 138 per sq.ft, which increased to Rs 155 per sq.ft in 2003. There is no figure available for the year 2007. The value then saw a significant rise to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 set it at Rs 1,120 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, there was an increase of 12%. The value dropped by 33% from 2012 to 2017, but increased by 49% from 2017 to 2023. The jump from 2023 to 2024 was 12%. Overall, from 2002 to 2024, the guideline value has increased by 712%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, which is equal to the guideline value of Annai Indra Nagar.

• Annai Sathya Nagar: Rs 1,006 per sq.ft (2024)
• Anjanaiyar colony (ondipudur): Rs 1,001 per sq.ft (2024)
• Annayangkadu Road Ext Street1: Rs 1,680 per sq.ft (2024)
• Anaiyangadu Street Extention -2: Rs 1,680 per sq.ft (2024)
• Anugraha apratment: Rs 1,792 per sq.ft (2024)
• Amman Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees together to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indra Nagar?

The Sub Registrar Office that covers Annai Indra 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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is not lower than the guideline value. This ensures that the appropriate fees are collected based on the higher value, safeguarding the interests of the state and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Indra Nagar?

The current guideline value of Annai Indra Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 138 per sq.ft in 2002 to Rs 1,120 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets in Singanallur with their guideline values?

Other streets in Singanallur have varying guideline values, with rates ranging from Rs 1,000 to Rs 3,360 per sq.ft as of 2024.

What fees are associated with buying property in Annai Indra Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Indra Nagar located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.