Guideline Value for Annamalai Nagar

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Sarkarsamakulam village and is classified as Residential Class II Type - I, with the registration office being the Periyanayakkan Palayam SRO.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a drop of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 300 per sq.ft again, resulting in a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 300 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Sarkarsamakulam

Currently, there are no specific guideline values provided for other streets in Sarkarsamakulam. The Annamalai Nagar guideline value stands at Rs 300 per sq.ft, as mentioned earlier.

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would amount to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration would be Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Sarkarsamakulam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is vital to be aware of the current guideline value, as it directly impacts the financial obligations involved in the registration process. Buyers and sellers should consult the latest revisions to ensure they are informed about the correct values applicable to their transactions.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the classification of land in Annamalai Nagar?

Annamalai Nagar is classified as Residential Class II Type - I, which indicates the type of residential development permissible in the area.

Where is the Sub Registrar Office for Annamalai Nagar located?

The Sub Registrar Office for Annamalai Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, resulting in a stamp duty of Rs 21,000 at 7%.