Guideline Value for Annamalai Nagar

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar is Rs 340 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annamalai Nagar has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. This figure decreased to Rs 167 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, reflecting an increase of 80%. The most recent revision in 2024 raised the guideline value to Rs 340 per sq.ft, which is a 13% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 36%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value for these streets is Rs 370 per sq.ft, which means that Annamalai Nagar's 2024 figure is below this median.

• Annamalaiar Garden: Rs 500 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Annai Nagar: Rs 340 per sq.ft (2024)
• Annapoorani Nagar: Rs 500 per sq.ft (2024)
• Angalammanpuram - 1: Rs 340 per sq.ft (2024)
• Angalammanpuram: Rs 370 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 340 per sq.ft, the total guideline value would be Rs 3,40,000. The stamp duty at 7% would amount to Rs 23,800, and the registration fee at 2% would be Rs 6,800, making the total cost for these fees Rs 30,600. It is important to note that the duty is charged on the higher of the guideline value and 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 covering Annamalai Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value helps to establish a fair transaction price, as it reflects the official valuation set by the Registration Department. Buyers and sellers should be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 250 in 2012, decreased to Rs 167 in 2017, increased to Rs 300 in 2023, and is now Rs 340 in 2024.

What is the median guideline value in Gudalur?

The median guideline value for the 224 streets in Gudalur under the Periyanayakkan Palayam SRO is Rs 370 per sq.ft.

What are the stamp duty and registration fees for property in Annamalai Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 23,800 and the registration fee would be Rs 6,800, totaling Rs 30,600.

Which office handles registrations for Annamalai Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for Annamalai Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.