Guideline Value for Annai Surammal Nagar

Annai Surammal Nagar guideline value

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

How the guideline value of Annai Surammal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure changed to Rs 100 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then increased significantly to Rs 150 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 established the current guideline value at Rs 165 per sq.ft, which is a 10% increase from 2023.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, making the current guideline value of Annai Surammal Nagar below that median.

• Annai Increte Nagar: Rs 220 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Amman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Surammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the 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 and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Surammal Nagar?

The Sub Registrar Office that covers Annai Surammal Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO here.

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

The guideline value plays a crucial role in the registration process of property transactions in Pattanam. 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 is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Annai Surammal Nagar?

The current guideline value of Annai Surammal 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 seen several revisions: Rs 150 per sq.ft in 2012, Rs 100 per sq.ft in 2017, Rs 150 per sq.ft in 2023, and currently Rs 165 per sq.ft in 2024.

What is the land classification of Annai Surammal Nagar?

Annai Surammal Nagar is classified as Residential Class III Type - II.

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

Stamp duty is charged at 7% and the registration fee at 2% of the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 14,850.

Which office handles property registrations in this area?

The Singanallur Sub Registrar Office handles property registrations for Annai Surammal Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.