Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Pappampatti village under the Singanallur SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value of Annai Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which was later reduced to Rs 100 per sq.ft in the 2017 revision. Following this, the value increased to Rs 150 per sq.ft in the 2023 revision, and currently, it stands at Rs 165 per sq.ft from the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Pappampatti

Pappampatti village has 140 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 140 to Rs 750 per sq.ft, with a median value of Rs 195 per sq.ft. The guideline value of Annai Nagar is below this median.

• Annamalai Garden: Rs 195 per sq.ft (2024)
• Amman Nagar: Rs 165 per sq.ft (2024)
• Arijana colony: Rs 170 per sq.ft (2024)
• Alagapuri Nagar: Rs 170 per sq.ft (2024)
• Aishyawariya Garden: Rs 165 per sq.ft (2024)
• Agasthisaya Industrial Estate: Rs 165 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 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total to Rs 14,850. 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 Nagar?

The Sub Registrar Office that covers Annai 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 Pappampatti

The guideline value is a critical factor in the registration process of property transactions in Pappampatti. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees that must be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023, and finally to Rs 165 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?

For a property valued at Rs 1,65,000, the stamp duty would be Rs 11,550, and the registration fee would be Rs 3,300, totaling Rs 14,850.

Which Sub Registrar Office covers Annai Nagar?

The Singanallur Sub Registrar Office covers Annai Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.