Guideline Value for Annamalai Garden

Annamalai Garden guideline value

The current guideline value of Annamalai Garden is Rs 195 per sq.ft, effective from 1 July 2024. This area is located in Pappampatti village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Annamalai Garden has changed

The guideline value for Annamalai Garden has seen significant changes over the years. In the 2007 revision, the value was Rs 22 per sq.ft, which increased dramatically to Rs 175 per sq.ft in 2012, marking a rise of 695%. However, the value then decreased to Rs 117 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 175 per sq.ft in 2023, and subsequently to Rs 195 per sq.ft in 2024, reflecting an increase of 11%.

Between the 2017 and 2023 revisions, the guideline value increased by 50%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 786%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pappampatti

Pappampatti village has a total of 140 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 140 to Rs 750 per sq.ft. The median guideline value is Rs 195 per sq.ft, which matches the current guideline value of Annamalai Garden.

• Annai Nagar: Rs 165 per sq.ft (2024)
• Arijana colony: Rs 170 per sq.ft (2024)
• Amman Nagar: Rs 165 per sq.ft (2024)
• Alagapuri Nagar: Rs 170 per sq.ft (2024)
• Aishyawariya Garden: Rs 165 per sq.ft (2024)
• Agasthisaya Industrial Estate: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 195 per sq.ft, the total guideline value amounts to Rs 1,95,000. The stamp duty at 7% would be Rs 13,650, and the registration fee at 2% would be Rs 3,900, bringing the total cost for these fees to Rs 17,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annamalai Garden?

The Sub Registrar Office that covers Annamalai Garden is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pappampatti. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annamalai Garden?

The current guideline value of Annamalai Garden is Rs 195 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 22 per sq.ft in 2007 to Rs 195 per sq.ft in 2024, reflecting an overall increase of 786% over the years.

What is the land classification of Annamalai Garden?

Annamalai Garden is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annamalai Garden?

The Sub Registrar Office for Annamalai Garden is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for properties in Annamalai Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 17,550.