Guideline Value for Annamalai Nagar

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Sowripalayam village under the Peelamedu SRO, is Rs 2,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Annamalai Nagar has changed

Over the years, the guideline value for Annamalai Nagar has seen significant changes. The 2007 revision recorded a value of Rs 507 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 294%. However, this value dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 2,000 per sq.ft, which then increased by 15% to reach the current figure of Rs 2,300 per sq.ft in 2024, representing a total increase of 49% from the 2017 value.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 value, there has been a remarkable increase of 354%.

Guideline values in Sowripalayam

Sowripalayam village has 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft, with the median value being Rs 2,300 per sq.ft. Annamalai Nagar's 2024 guideline value aligns with this median.

• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Anna Nagar: Rs 3,520 per sq.ft (2024)
• Anantha Thiruvenkatasamy Street: Rs 2,300 per sq.ft (2024)
• Appulu Ayyar Road or Lane: Rs 2,300 per sq.ft (2024)
• Ara Gounder Street: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, while the registration fee at 2% would be Rs 46,000, bringing the total cost to Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annamalai Nagar?

The Sub Registrar Office that covers Annamalai Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, within the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sowripalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the registration process. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 2,300 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 507 per sq.ft in 2007 to Rs 2,300 per sq.ft in 2024, which is an overall increase of 354%.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,340 per sq.ft, which was a decrease from Rs 2,000 per sq.ft in 2012.

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

The Sub Registrar Office for Annamalai Nagar is located at 6/1, Grd Road, Redfields, Coimbatore - 18, under the Peelamedu registration zone.

How is the stamp duty calculated for property in Annamalai Nagar?

Stamp duty for property in Annamalai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 at 7%.