Guideline Value for Annaiappan Street

Annaiappan Street guideline value

The current guideline value of Annaiappan Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Annaiappan Street has changed

The guideline value of Annaiappan Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then dropped to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023, and the latest revision for 2024 sets it at Rs 1,120 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall change in the guideline value is +348%. The increase from 2023 to 2024 is +12%, while the rise from 2017 to 2023 is +49%. The value decreased by -33% from 2012 to 2017, and there was a substantial increase of +300% from 2007 to 2012.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the guideline value of Annaiappan Street.

• Annaiappan Street (Nallampalayam Natham): Rs 1,100 per sq.ft (2024)
• Anna Nagar: Rs 1,100 per sq.ft (2024)
• Anbu Nagar: Rs 1,100 per sq.ft (2024)
• Anna Nagar New Line Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Ammasai Konar Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Annaiappan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. 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 Annaiappan Street?

The Sub Registrar Office that covers Annaiappan Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with 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 Annaiappan Street?

The current guideline value of Annaiappan Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification of Annaiappan Street?

Annaiappan Street is classified as Residential Class I Type - III according to the guideline value register.

What are the stamp duty and registration fees for properties in Annaiappan Street?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Which office handles registrations for Annaiappan Street?

The Gandhipuram Sub Registrar Office is responsible for handling registrations for Annaiappan Street, located at Kalapatti Road, near Saravanampatti Police Station.