Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Gudalur village under the Periyanayakkan Palayam SRO, is Rs 340 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Annai Nagar has changed

Since the 2012 revision, the guideline value for Annai Nagar has seen several changes. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, the value surged significantly to Rs 300 per sq.ft in 2023, reflecting an increase of 80%. The most recent revision in 2024 has set the value at Rs 340 per sq.ft, a 13% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 36%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, placing Annai Nagar's 2024 figure below the median.

• Annamalaiar Garden: Rs 500 per sq.ft (2024)
• Annamalai Nagar: Rs 340 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Angalammanpuram - 1: Rs 340 per sq.ft (2024)
• Angalammanpuram: Rs 370 per sq.ft (2024)
• Andaalpuram: Rs 355 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, while the registration fee at 2% would be Rs 6,800, bringing the total fees to Rs 30,600. It's 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 information.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value is a critical factor during property transactions in Gudalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the land classification of Annai Nagar?

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

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,40,000, the total fees would be Rs 30,600.

Which office handles property registrations for Annai Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Annai Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.