Guideline Value for Annaiyan East Street

Annaiyan East Street guideline value

The current guideline value of Annaiyan East Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sathyamanagalam village, under the Sathyamangalam SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Annaiyan East Street has changed

The guideline value for Annaiyan East Street has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, this figure dropped to Rs 402 per sq.ft in 2017. The most recent revisions show a rise to Rs 600 per sq.ft in 2023, followed by the current rate of Rs 660 per sq.ft in 2024.

Between the revisions, there were notable changes. The value increased by 300% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 340% from 2007 to 2024.

Guideline values in Sathyamanagalam

In Sathyamanagalam, there are 33 streets under the Sathyamangalam SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,200 per sq.ft. The median value among these streets is Rs 660 per sq.ft, which is equal to the 2024 guideline value for Annaiyan East Street.

• Annaiyan North Street: Rs 660 per sq.ft (2024)
• Andavar Street: Rs 330 per sq.ft (2024)
• Athani East-west Mani Road: Rs 825 per sq.ft (2024)
• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani Road Kongunagar Quarters: Rs 1,320 per sq.ft (2024)
• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Annaiyan East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total charges Rs 59,400. 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 Annaiyan East Street?

The Sub Registrar Office that covers Annaiyan East Street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Sathyamanagalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Annaiyan East Street?

The current guideline value of Annaiyan East Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the stamp duty and registration fees for property in Annaiyan East Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would be Rs 59,400.

Which office handles property registrations for Annaiyan East Street?

The Sathyamangalam Sub Registrar Office handles property registrations for Annaiyan East Street, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property registration and helps determine the applicable stamp duty and registration fees during property transactions in Sathyamanagalam.