Guideline Value for Annamar colony

Annamar colony guideline value

The current guideline value of Annamar colony is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under Ward - O in the Tiruppur Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Annamar colony has changed

The guideline value for Annamar colony has undergone several revisions over the years. In 2007, the value was Rs 295 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value saw a substantial rise to Rs 700 per sq.ft in 2023, followed by a slight increase to Rs 705 per sq.ft in 2024.

Between the revisions, the most notable changes include a 137% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and a modest increase of 1% was recorded from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Annamar colony is below this median.

• Ammaniammal Layout main road: Rs 880 per sq.ft (2024)
• Ammaniammal Layout Ist Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout IInd Street: Rs 880 per sq.ft (2024)
• Ammaniammal layout: Rs 880 per sq.ft (2024)
• Ammaniammal East west Street: Rs 880 per sq.ft (2024)
• Arunthathiar colony: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Annamar colony

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total cost to Rs 63,450. 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 further calculations.

Which Sub Registrar Office covers Annamar colony?

The Sub Registrar Office that covers Annamar colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - O

The guideline value is a crucial factor in property transactions within Ward - O. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration laws.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are documented accurately and fairly, reflecting the established values in the area.

Frequently asked questions

What is the current guideline value of Annamar colony?

The current guideline value of Annamar colony is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, with various increases and decreases recorded in between.

What is the land classification for Annamar colony?

Annamar colony is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where can I find the Sub Registrar Office for Annamar colony?

The Sub Registrar Office for Annamar colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.