Guideline Value for Annai Velanganni Nagar

Annai Velanganni Nagar guideline value

The current guideline value of Annai Velanganni Nagar, located in Kurichi village, is Rs 1,040 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Annai Velanganni Nagar has changed

The guideline value for Annai Velanganni Nagar has seen several revisions over the years. Starting from Rs 85 per sq.ft in 2003, it increased to Rs 160 per sq.ft in 2007. The value then rose significantly to Rs 750 per sq.ft in 2012, but experienced a decrease to Rs 502 per sq.ft in 2017. Following this, the guideline value surged to Rs 1,000 per sq.ft in 2023, and is currently set at Rs 1,040 per sq.ft for 2024. There is no figure available for the year 2002 in the register.

In terms of percentage changes, the value increased by 88% from 2003 to 2007, followed by a 369% rise from 2007 to 2012. However, it fell by 33% from 2012 to 2017. The value then saw a remarkable increase of 99% from 2017 to 2023, and a further 4% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1124%.

Guideline values in Kurichi

In Kurichi village, there are a total of 536 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is equal to the current figure for Annai Velanganni Nagar.

• Annai Indira Nagar Cross Street I: Rs 1,055 per sq.ft (2024)
• Annai Indira Nagar Cross Street II: Rs 1,055 per sq.ft (2024)
• A.N Nagar: Rs 1,035 per sq.ft (2024)
• Anna Aasiriyar Colony: Rs 1,035 per sq.ft (2024)
• Anganna Thevar Sandhu: Rs 1,035 per sq.ft (2024)
• Anna Nagar East, Pollachi Road: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velanganni Nagar

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty, charged at 7%, would amount to Rs 72,800, while the registration fee at 2% would be Rs 20,800. The total cost for these fees would be Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velanganni Nagar?

The Sub Registrar Office that covers Annai Velanganni Nagar is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property in the area.

When a buyer or seller agrees on a sale price, the registration office will assess whether the guideline value or the sale price is higher, and the duty will be charged based on that amount. This ensures that the registration process is transparent and adheres to the established values in the area.

Frequently asked questions

What is the current guideline value of Annai Velanganni Nagar?

The current guideline value of Annai Velanganni Nagar is Rs 1,040 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 85 per sq.ft in 2003 to Rs 1,040 per sq.ft in 2024, reflecting an overall increase of 1124% over this period.

What is the land classification for Annai Velanganni Nagar?

Annai Velanganni Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft property at the current rate, the total fees would amount to Rs 93,600.

Which office handles property registrations for Annai Velanganni Nagar?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Annai Velanganni Nagar, located at Syryan Church Road, Coimbatore -641001.