Guideline Value for Annamadam Lane

Annamadam Lane guideline value

The current guideline value of Annamadam Lane in Ramanathapuram village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Peelamedu SRO and is classified as Residential Class III Type - III.

How the guideline value of Annamadam Lane has changed

The guideline value for Annamadam Lane has undergone several revisions over the years. In 2002, the value was Rs 175 per sq.ft, which increased to Rs 211 per sq.ft in 2003, marking a change of +21%. The value then saw a modest increase to Rs 225 per sq.ft in 2007, which was a +7% change. Following that, the value rose to Rs 400 per sq.ft in 2012, reflecting a significant increase of +78%. However, the value dropped to Rs 268 per sq.ft in 2017, resulting in a decrease of -33%. The most recent revisions in 2023 and 2024 both recorded the guideline value at Rs 1,000 per sq.ft, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +471%. The register has no figures for the years not listed for this street.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Annamadam Lane's 2024 figure below that median.

• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Angannan Site: Rs 1,025 per sq.ft (2024)
• Anandam Nagar: Rs 1,010 per sq.ft (2024)
• Aranyaka Lay Out: Rs 1,650 per sq.ft (2024)
• Arumugam Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annamadam Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annamadam Lane?

The Sub Registrar Office that covers Annamadam Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ramanathapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When a property transaction occurs, the guideline value helps to determine the minimum sale price for registration. This ensures that the property is registered at a value that reflects its official worth, which is vital for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Annamadam Lane?

The current guideline value of Annamadam Lane is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes over the years, starting from Rs 175 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, representing a total increase of +471% over this period.

What is the registration office for Annamadam Lane?

The registration office for Annamadam Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Annamadam Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

What are the other streets in Ramanathapuram with guideline values?

Other streets in Ramanathapuram under the Peelamedu SRO include Annai Sathya Housing Society Layout, Angannan Thevar Layout, and Aranyaka Lay Out, among others, with values ranging from Rs 1,005 to Rs 1,700 per sq.ft in 2024.