Guideline Value for Annai Velangani Nagar

Annai Velangani Nagar guideline value

The current guideline value of Annai Velangani Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Velangani Nagar has changed

The guideline value for Annai Velangani Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and most recently rose to Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Annai Velangani Nagar at the median value.

• Annai Indira Nagar: Rs 1,001 per sq.ft (2024)
• Anna Nagar: Rs 1,004 per sq.ft (2024)
• Anna Street: Rs 1,000 per sq.ft (2024)
• Anantha Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Anandha Nagar Main: Rs 1,870 per sq.ft (2024)
• Anandha Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velangani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Annai Velangani Nagar?

The Sub Registrar Office that covers Annai Velangani Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It determines the minimum value at which the property must be registered, ensuring that the transaction reflects a fair value according to the local government standards.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Velangani Nagar?

The current guideline value of Annai Velangani Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Annai Velangani Nagar?

Annai Velangani Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Annai Velangani Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How are stamp duty and registration fees calculated in Vadavalli?

Stamp duty and registration fees in Vadavalli are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.