Guideline Value for Annaj Road (Market Road to Sirumugai Road)

Annaj Road (Market Road to Sirumugai Road) guideline value

The current guideline value for Annaj Road (Market Road to Sirumugai Road) is Rs 2,000 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Annaj Road (Market Road to Sirumugai Road) has changed

The guideline value for Annaj Road has experienced several revisions over the years. In 2007, the guideline value was Rs 460 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 2,000 per sq.ft in both 2023 and 2024, indicating no change between these two years. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 49%, while from 2012 to 2017, the value decreased by 33%. The substantial increase from 2007 to 2012 of 335% reflects a significant change in the guideline value over that period. Overall, from 2007 to 2024, the guideline value has increased by 335%.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 2,000 per sq.ft, with a median of Rs 700 per sq.ft. The guideline value for Annaj Road (Market Road to Sirumugai Road) is above this median.

• Annaj Road (Market Road): Rs 2,000 per sq.ft (2024)
• Annaj Road Westside Girls High school Road: Rs 2,000 per sq.ft (2024)
• Annaikara Street 2 (Nellithurai Road South Side): Rs 600 per sq.ft (2024)
• Annaikara Street 1 (Nellithurai Road South Side): Rs 600 per sq.ft (2024)
• Anna Nagar Colony: Rs 600 per sq.ft (2024)
• Annur Road: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annaj Road (Market Road to Sirumugai Road)

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annaj Road (Market Road to Sirumugai Road)?

The Sub Registrar Office that covers Annaj Road (Market Road to Sirumugai Road) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property in Mettupalayam. It determines the minimum value at which a property can be sold or bought and is used to calculate the stamp duty and registration fees payable during the transaction.

When you buy or sell property in Mettupalayam, the guideline value must be considered to ensure compliance with local regulations. This value aids in maintaining transparency in property transactions and ensures that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Annaj Road (Market Road to Sirumugai Road)?

The current guideline value of Annaj Road (Market Road to Sirumugai Road) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 460 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreasing to Rs 1,340 per sq.ft in 2017, and remaining at Rs 2,000 per sq.ft in 2023 and 2024.

What is the land classification for Annaj Road?

Annaj Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.

What are the stamp duty and registration fees for property in Annaj Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.