Guideline Value for Annamalaiar Garden

Annamalaiar Garden guideline value

The current guideline value of Annamalaiar Garden is Rs 500 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 I Type - I.

How the guideline value of Annamalaiar Garden has changed

The guideline value for Annamalaiar Garden has seen several revisions over the years. In 2012, the value was Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. Following this, the value increased significantly to Rs 450 per sq.ft in 2023, and most recently to Rs 500 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, there has been a net increase of 11%. It is important to note that the register has no figures 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, with a median value of Rs 370 per sq.ft. Annamalaiar Garden's 2024 figure of Rs 500 per sq.ft is above this median.

• Annamalai Nagar: Rs 340 per sq.ft (2024)
• Annai Nagar: Rs 340 per sq.ft (2024)
• Anna Nagar: Rs 500 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 Annamalaiar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that 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 Annamalaiar Garden?

The Sub Registrar Office that covers Annamalaiar Garden 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 Gudalur

The guideline value plays a crucial role during property transactions in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annamalaiar Garden?

The current guideline value of Annamalaiar Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the land classification of Annamalaiar Garden?

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

Where is the Sub Registrar Office for Annamalaiar Garden located?

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

How is stamp duty calculated for property in Annamalaiar Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.