Guideline Value for Annai Surya Nagar

Annai Surya Nagar guideline value

The current guideline value of Annai Surya Nagar is Rs 110 per sq.ft, effective from 1 July 2024. This area is located in Peedampalli village, under the Singanallur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Surya Nagar has changed

The guideline value for Annai Surya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was followed by a decrease to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, and the latest revision in 2024 raised it further to Rs 110 per sq.ft, marking a 10% increase from the previous year.

Notably, 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% despite the fluctuations in the intervening years.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft, placing Annai Surya Nagar's 2024 figure below that median.

• Annai Gardens: Rs 440 per sq.ft (2024)
• Annai Ganga Nair Township 1 to 4: Rs 165 per sq.ft (2024)
• Anna Nagar / Street: Rs 165 per sq.ft (2024)
• Amman Sakthi Nagar: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Aswin Ragam Garden: Rs 635 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Surya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, resulting in a total of Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Surya Nagar?

The Sub Registrar Office that covers Annai Surya 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 Peedampalli

The guideline value is a crucial factor in property transactions within Peedampalli. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it directly affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the total financial outlay required for property registration.

Frequently asked questions

What is the current guideline value of Annai Surya Nagar?

The current guideline value of Annai Surya Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What are the other streets in Peedampalli and their guideline values?

Other streets in Peedampalli include Annai Gardens at Rs 440 per sq.ft, Annai Ganga Nair Township 1 to 4 and Anna Nagar at Rs 165 per sq.ft, and Amman Sakthi Nagar and Amman Nagar at Rs 220 per sq.ft, among others.

How is stamp duty calculated in Annai Surya Nagar?

Stamp duty in Annai Surya Nagar is calculated at a rate of 7% on the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.

Where can I find the Sub Registrar Office for Annai Surya Nagar?

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