Guideline Value for Annaj Road Westside Girls High school Road

Annaj Road Westside Girls High school Road guideline value

The current guideline value of Annaj Road Westside Girls High school Road is Rs 2,000 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village and falls under the jurisdiction of the Mettupalayam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Annaj Road Westside Girls High school Road has changed

The guideline value for Annaj Road Westside Girls High school Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 395 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this value saw a decrease of 33% to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 2,000 per sq.ft, and the current 2024 revision also reflects Rs 2,000 per sq.ft, showing no change from the previous year.

It is important to note that the register does not provide figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 406% in the guideline value.

Guideline values in Mettupalayam

In Mettupalayam village, there are 327 streets under the Mettupalayam SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which means that the 2024 figure for Annaj Road Westside Girls High school Road is above this median.

• Annaj Road (Market Road to Sirumugai Road): Rs 2,000 per sq.ft (2024)
• Annaj Road (Market 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 Westside Girls High school 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, calculated at 7%, would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annaj Road Westside Girls High school Road?

The Sub Registrar Office that covers Annaj Road Westside Girls High school 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 an essential factor in the registration of property transactions in Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the stamp duty and registration fees are calculated 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 Annaj Road Westside Girls High school Road?

The current guideline value of Annaj Road Westside Girls High school 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 395 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, decreased to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023 and 2024.

What is the land classification for Annaj Road Westside Girls High school Road?

The land classification for Annaj Road Westside Girls High school Road is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Mettupalayam?

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

How is the stamp duty calculated for properties in Mettupalayam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% that is also applied to the higher of the two values.