Guideline Value for Annai india Street

Annai india Street guideline value

The current guideline value of Annai india Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Annai india Street has changed

The guideline value for Annai india Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Annai india Street in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. Annai india Street's guideline value of Rs 550 per sq.ft is above this median.

• Annamalai Gounder Street: Rs 440 per sq.ft (2024)
• Angappa pannadi santhu: Rs 440 per sq.ft (2024)
• Angannan santhu: Rs 440 per sq.ft (2024)
• Anganna goundar street: Rs 440 per sq.ft (2024)
• Anganathdevar street: Rs 550 per sq.ft (2024)
• Angalamman koil veethy: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Annai india Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000. Together, the total cost for these fees would be Rs 49,500. 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 india Street?

The Sub Registrar Office that covers Annai india Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irugur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai india Street?

The current guideline value of Annai india Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and now to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Irugur?

Other streets in Irugur have guideline values ranging from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. Annai india Street's value is above this median.

What fees are associated with buying property in Annai india Street?

When buying property in Annai india Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai india Street?

The Singanallur Sub Registrar Office covers Annai india Street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.