Guideline Value for Annai Sathya Nagar

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village and falls under the Singanallur Sub Registrar Office (SRO). The land classification for this street is Residential Class III Type - II.

How the guideline value of Annai Sathya Nagar has changed

The guideline value for Annai Sathya Nagar has seen significant changes over the years. In 2002, the value was Rs 25 per sq.ft, which increased to Rs 28 per sq.ft in 2003, marking a 12% rise. The value then rose dramatically to Rs 250 per sq.ft in 2012, reflecting a 793% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 167 per sq.ft. The next revision in 2023 brought the value up to Rs 1,000 per sq.ft, a substantial increase of 499%. The latest revision in 2024 saw a slight increase to Rs 1,006 per sq.ft, which is a 1% rise from the previous year. It is important to note that there is no figure for this street in the 2007 revision.

Guideline values in Singanallur

In Singanallur village, 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, making the 2024 guideline value for Annai Sathya Nagar below that median.

• Annai Indra Nagar: Rs 1,120 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)
• Anugraha apratment: Rs 1,792 per sq.ft (2024)
• Anaiyangadu Street Extention -2: Rs 1,680 per sq.ft (2024)
• Amman Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total to Rs 90,540. It is 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 details.

Which Sub Registrar Office covers Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Sathya 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 information.

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

The guideline value plays a crucial role during property transactions in Singanallur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs involved in the registration process. This value is updated periodically, reflecting changes in the real estate market, and is crucial for legal compliance during property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 1,006 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 25 per sq.ft in 2002 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 3924% over the years.

What is the land classification of Annai Sathya Nagar?

Annai Sathya Nagar is classified as Residential Class III Type - II, indicating its designation for residential purposes.

Where is the Singanallur Sub Registrar Office located?

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

How is stamp duty calculated for properties in Annai Sathya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,06,000, the stamp duty would be Rs 70,420 at 7%.