Guideline Value for Annapoorani Layout

Annapoorani Layout guideline value

The current guideline value of Annapoorani Layout in Ward 2 village, under the Pollachi SRO, is Rs 675 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Annapoorani Layout has changed

The guideline value for Annapoorani Layout has seen several revisions over the years. In 2002, the value was Rs 359 per sq.ft, which increased to Rs 408 per sq.ft in 2003, marking a 14% rise. The value further increased to Rs 485 per sq.ft in 2007, a 19% change. In 2012, it rose again to Rs 675 per sq.ft, reflecting a 39% increase. However, in 2017, the value dropped to Rs 452 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 675 per sq.ft, and the 2024 revision also set it at Rs 675 per sq.ft, resulting in no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 88%. Notably, there are no figures available for the revisions in years other than those specified.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median value is Rs 420 per sq.ft, placing Annapoorani Layout's 2024 figure above this median.

• Anumantharaya Street: Rs 1,500 per sq.ft (2024)
• Annai Kasthuribai Street: Rs 541 per sq.ft (2024)
• Arul Jothi Co-Operative Colony: Rs 300 per sq.ft (2024)
• Arul Vadivel Kannapuram: Rs 350 per sq.ft (2024)
• Arumugam Gounder Colony: Rs 420 per sq.ft (2024)
• Arumugam Pillai Street: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Annapoorani Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would amount to Rs 47,250, and the registration fee at 2% would be Rs 13,500, making the total cost for these fees Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annapoorani Layout?

The Sub Registrar Office that covers Annapoorani Layout is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is a crucial factor in property transactions in Ward 2, as it determines the minimum value at which a property can be registered. When selling or buying property, the guideline value is used to calculate the stamp duty and registration fees.

During the registration process, the property will be assessed based on the guideline value, and the buyer will need to pay the applicable stamp duty and registration fees based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annapoorani Layout?

The current guideline value of Annapoorani Layout is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 675 per sq.ft in both 2023 and 2024. The value was Rs 452 per sq.ft in 2017 and Rs 675 per sq.ft in 2012.

What is the land classification of Annapoorani Layout?

Annapoorani Layout is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How are stamp duty and registration fees calculated in Ward 2?

Stamp duty and registration fees in Ward 2 are calculated based on the guideline value or the sale price, whichever is higher. The current rates are 7% for stamp duty and 2% for the registration fee.