Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar is Rs 780 per sq.ft, effective from 1 July 2024. This area is located in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Velankanni Nagar has changed

The guideline value for Annai Velankanni Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the value at Rs 700 per sq.ft, which was an increase from the previous figure. The 2024 revision raised this to Rs 780 per sq.ft, marking an increase of 11% from the 2023 figure.

In summary, the guideline values have progressed from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024. This change reflects the adjustments made in the guideline value register maintained by the Registration Department.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets listed under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 470 per sq.ft, positioning Annai Velankanni Nagar's 2024 figure above this median.

• Annai Velankanni Colony: 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total fees to Rs 70,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velankanni Nagar?

The Sub Registrar Office that covers Annai Velankanni Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in P. Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in P. Chettipalayam?

The median guideline value in P. Chettipalayam is Rs 470 per sq.ft. Annai Velankanni Nagar's current guideline value is above this median.

How is the stamp duty calculated for property in Annai Velankanni Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 at 7%.

Where is the Sub Registrar Office for Annai Velankanni Nagar located?

The Sub Registrar Office for Annai Velankanni Nagar is located at No.410a, Raja Street, Coimbatore-641001. This office handles all registrations for properties in this area.