Guideline Value for Annai Sathya Housing Society Layout (Or) Nagar

Annai Sathya Housing Society Layout (Or) Nagar guideline value

The current guideline value of Annai Sathya Housing Society Layout (Or) Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024. This area is located in Ramanathapuram village, under the Peelamedu SRO, and is classified as Residential Class III Type - II.

How the guideline value of Annai Sathya Housing Society Layout (Or) Nagar has changed

The guideline value for Annai Sathya Housing Society Layout (Or) Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 220 per sq.ft. This increased to Rs 242 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 314 per sq.ft in 2007, which was a 30% increase from the previous year. In 2012, the value was Rs 600 per sq.ft, reflecting a significant 91% increase from 2007. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, indicating a decline of 33%.

From 2017, the guideline value saw a remarkable increase to Rs 1,000 per sq.ft in 2023, which was a 149% rise. The most recent revision in 2024 set the guideline value at Rs 1,005 per sq.ft, a 1% increase from the previous year. There are no figures available for other revisions for this street.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, positioning Annai Sathya Housing Society Layout (Or) Nagar below this median.

• Annamadam Lane: Rs 1,000 per sq.ft (2024)
• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Angannan Site: Rs 1,025 per sq.ft (2024)
• Anandam Nagar: Rs 1,010 per sq.ft (2024)
• Aranyaka Lay Out: Rs 1,650 per sq.ft (2024)
• Arumugam Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Housing Society Layout (Or) Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total cost for these fees to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Housing Society Layout (Or) Nagar?

The Sub Registrar Office that covers Annai Sathya Housing Society Layout (Or) Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ramanathapuram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value may differ from the actual sale price of the property.

When a property is sold, the buyer is required to pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions as per the established guideline values.

Frequently asked questions

What is the current guideline value for Annai Sathya Housing Society Layout (Or) Nagar?

The current guideline value for Annai Sathya Housing Society Layout (Or) Nagar is Rs 1,005 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 220 per sq.ft in 2002 to Rs 1,005 per sq.ft in 2024, showing an overall increase of 357% over the period.

What is the registration fee for property in Annai Sathya Housing Society Layout (Or) Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 10,05,000, the registration fee would be Rs 20,100.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in Annai Sathya Housing Society Layout (Or) Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Annai Sathya Housing Society Layout (Or) Nagar is located at Peelamedu Sub Registrar Office, 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more information by visiting the relevant link.