Guideline Value for Annai Vellankanni Nagar

Annai Vellankanni Nagar guideline value

The current guideline value of Annai Vellankanni Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karamadai village under the Mettupalayam SRO and is classified as Residential Class II Type - I.

How the guideline value of Annai Vellankanni Nagar has changed

The guideline value for Annai Vellankanni Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which increased to Rs 536 per sq.ft in 2017. Following this, the value remained at Rs 800 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value increased by 34%, and from 2017 to 2023, it saw a further increase of 49%. Overall, there has been a 100% increase in the guideline value from 2012 to 2024, reflecting the consistent value of Rs 800 per sq.ft in the most recent revisions.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with 2024 guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which is equal to the current guideline value of Annai Vellankanni Nagar.

• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 14): Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 19): Rs 800 per sq.ft (2024)
• Andiappagowder Street: Rs 440 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Vellankanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Vellankanni Nagar?

The Sub Registrar Office that covers Annai Vellankanni Nagar is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karamadai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as the guideline value reflects the official assessment of land values in the area.

Frequently asked questions

What is the current guideline value of Annai Vellankanni Nagar?

The current guideline value of Annai Vellankanni Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then to Rs 800 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Annai Vellankanni Nagar?

Annai Vellankanni Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees based on the guideline value?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total fees would amount to Rs 72,000.

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

The Sub Registrar Office for Annai Vellankanni Nagar is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.