Guideline Value for Annai Santhiya Nagar(Podanur road)

Annai Santhiya Nagar(Podanur road) guideline value

The current guideline value for Annai Santhiya Nagar (Podanur road) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village and falls under the Singanallur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Annai Santhiya Nagar(Podanur road) has changed

The guideline value for Annai Santhiya Nagar (Podanur road) has seen significant changes over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing the guideline value of Annai Santhiya Nagar (Podanur road) above this median.

• Anna Nagar: Rs 275 per sq.ft (2024)
• Anna Street: Rs 220 per sq.ft (2024)
• Anugraha gardens: Rs 220 per sq.ft (2024)
• Appachiar Street: Rs 275 per sq.ft (2024)
• Appai naidu layout: Rs 330 per sq.ft (2024)
• Appa Naidu Layout Extension: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Santhiya Nagar(Podanur road)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these charges would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more personalized calculations.

Which Sub Registrar Office covers Annai Santhiya Nagar(Podanur road)?

The Sub Registrar Office that covers Annai Santhiya Nagar (Podanur road) 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 information.

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

The guideline value is a crucial factor when registering property transactions in Vellalore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and for sellers to set appropriate expectations for their property’s worth.

Frequently asked questions

What is the current guideline value for Annai Santhiya Nagar (Podanur road)?

The current guideline value for Annai Santhiya Nagar (Podanur road) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These charges are based on the higher of the guideline value or the sale price.

Which office handles registrations for properties in Annai Santhiya Nagar?

The Singanallur Sub Registrar Office handles registrations for properties in Annai Santhiya Nagar (Podanur road). The office is located on Podanur Main Road, Vellalur, Coimbatore.

What is the significance of the guideline value in property transactions?

The guideline value serves as a minimum valuation for property registration, ensuring that appropriate stamp duties and registration fees are collected. It helps buyers and sellers gauge the fair value of properties in the area.