Guideline Value for Annanagar 1,2 321 (2)

Annanagar 1,2 321 (2) guideline value

The current guideline value for Annanagar 1,2 321 (2) is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Vanipudur village, under the Thookanaicken Palayam Sub Registrar Office, and is classified as Residential Class I Type - I.

How the guideline value of Annanagar 1,2 321 (2) has changed

The guideline value for Annanagar 1,2 321 (2) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 250 per sq.ft, which is the same as the previous year's 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 167 per sq.ft, reflecting a 50% increase from 2017 to 2023. The 2003 revision had a significantly lower value of Rs 45 per sq.ft, indicating a 271% increase from 2003 to 2017. Overall, from 2003 to 2024, the guideline value has increased by 456%.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. The lack of data for these years means that the changes in guideline value during those periods cannot be assessed.

Guideline values in Vanipudur

In Vanipudur, there are 56 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 440 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the current guideline value of Annanagar 1,2 321 (2). Below are other streets in Vanipudur with their respective 2024 guideline values:

• Annastreet 300: Rs 200 per sq.ft (2024)
• Anbu Nagar 287 (2): Rs 250 per sq.ft (2024)
• Arisana colony 185 (1,2): Rs 250 per sq.ft (2024)
• Arisana colony (TN Palayam West) 321 (1): Rs 250 per sq.ft (2024)
• Arisana Colony T.N Palayam west,east 32,302(1,2,4A,5) 1 (1): Rs 250 per sq.ft (2024)
• A.R.R.Colony1,2 308(1,2): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Annanagar 1,2 321 (2)

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which would be Rs 17,500, and the registration fee at 2% amounts to Rs 5,000. Therefore, the total fees together would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annanagar 1,2 321 (2)?

The Sub Registrar Office that covers Annanagar 1,2 321 (2) is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vanipudur. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately estimating the costs involved in property transactions. It is advisable to check the latest guideline values before proceeding with any real estate transactions.

Frequently asked questions

What is the current guideline value for Annanagar 1,2 321 (2)?

The current guideline value for Annanagar 1,2 321 (2) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 45 per sq.ft in 2003 to Rs 250 per sq.ft in 2024, marking a total increase of 456% over the years.

What are the stamp duty and registration fees for property in Annanagar 1,2 321 (2)?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 22,500.

Which Sub Registrar Office covers Annanagar 1,2 321 (2)?

The Thookanaicken Palayam Sub Registrar Office covers Annanagar 1,2 321 (2), located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures compliance with local regulations and helps buyers and sellers estimate the costs involved in the registration process.