Guideline Value for Annai Velankanni Colony

Annai Velankanni Colony guideline value

The current guideline value of Annai Velankanni Colony, located in P. Chettipalayam village, is Rs 780 per sq.ft as per the 2024 revision. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The property is registered with the Coimbatore South Joint 1 SRO.

How the guideline value of Annai Velankanni Colony has changed

The guideline value for Annai Velankanni Colony has seen several revisions over the years. The 2023 revision set the value at Rs 700 per sq.ft. With the 2024 revision, this increased to Rs 780 per sq.ft, marking an increase of 11%. The register has no figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

In summary, the most recent revisions show a clear upward trend, with the value moving from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024. The earlier revisions do not provide any figures for this street, indicating that the current guideline value reflects the latest assessment by the authorities.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median value for these streets is Rs 470 per sq.ft, placing Annai Velankanni Colony's 2024 figure above this median.

• Annai Velankanni Nagar: Rs 780 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Andi Gounder Street: Rs 220 per sq.ft (2024)
• Ammasai Gounder Street: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 550 per sq.ft (2024)
• Arumuga Goundanur: Rs 470 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankanni Colony

For a 1,000 sq.ft plot at the current rate of Rs 780 per sq.ft, the guideline value amounts to Rs 7,80,000. The stamp duty at 7% would be Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Velankanni Colony?

The Sub Registrar Office that covers Annai Velankanni Colony is the Coimbatore South Joint 1 Sub Registrar Office. The address is No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value plays a crucial role in the registration process when buying or selling property in P. Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annai Velankanni Colony?

The current guideline value of Annai Velankanni Colony is Rs 780 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 11% from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024.

What is the land classification of Annai Velankanni Colony?

Annai Velankanni Colony falls under the Residential Class I Type - I land classification as per the guidelines.

Where can I find the Sub Registrar Office for Annai Velankanni Colony?

The Sub Registrar Office for Annai Velankanni Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

What is the stamp duty rate for properties in Annai Velankanni Colony?

The stamp duty rate for properties in Annai Velankanni Colony is 7% of the guideline value or the sale price, whichever is higher.