Guideline Value for Annaiyan North Street

Annaiyan North Street guideline value

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

How the guideline value of Annaiyan North Street has changed

The guideline value for Annaiyan North 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, marking a 300% increase. However, it then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 600 per sq.ft in 2023, and most recently, it has increased to Rs 660 per sq.ft in 2024, reflecting a 10% rise.

Overall, the guideline value has increased by 340% from Rs 150 per sq.ft in 2007 to Rs 660 per sq.ft in 2024. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Sathyamanagalam

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

• Annaiyan East 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 North Street

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

The Sub Registrar Office that covers Annaiyan North 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sathyamanagalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annaiyan North Street?

The current guideline value of Annaiyan North 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, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations in Sathyamanagalam?

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

What is the land classification for Annaiyan North Street?

Annaiyan North Street is classified as Residential Class I Type - II, which indicates its use for residential purposes.