Guideline Value for Annaj Road (Market Road)

Annaj Road (Market Road) guideline value

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

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

The guideline value for Annaj Road (Market Road) has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 460 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 335%. However, in 2017, the value was adjusted down to Rs 1,340 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 maintained the value at Rs 2,000 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 335% in the guideline value.

Guideline values in Mettupalayam

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

• Annaj Road (Market Road to Sirumugai 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)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty, charged at 7%, would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Together, the total cost for stamp duty and registration fee would be Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

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

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

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

The guideline value is a crucial factor when registering property transactions in Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

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

The current guideline value of Annaj Road (Market 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 from Rs 460 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and has remained at Rs 2,000 per sq.ft in both 2023 and 2024.

What is the land classification for Annaj Road (Market Road)?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,000 per sq.ft, the total fees would be Rs 1,80,000.

Which office handles registrations for Annaj Road (Market Road)?

The Mettupalayam Sub Registrar Office handles registrations for Annaj Road (Market Road). It is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.