Guideline Value for Annapoorani Nagar

Annapoorani Nagar guideline value

The current guideline value of Annapoorani Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - I.

How the guideline value of Annapoorani Nagar has changed

Over the years, the guideline value for Annapoorani Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 200 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 500%. However, the value dropped to Rs 804 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision saw another increase to Rs 1,200 per sq.ft, followed by a further rise to the current value of Rs 1,325 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 563%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for this village is Rs 1,000 per sq.ft, and Annapoorani Nagar's 2024 figure is above that median.

• Anna Nagar (ward 9): Rs 1,325 per sq.ft (2024)
• Anna Nagar (MTP Road): Rs 1,020 per sq.ft (2024)
• Anna Nagar L Block (ward 16): Rs 1,000 per sq.ft (2024)
• Anna Street- Gandhi Nagar: Rs 1,020 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,000 per sq.ft (2024)
• Anna Nagar E Block (ward 16): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annapoorani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total charges to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annapoorani Nagar?

The Sub Registrar Office that covers Annapoorani Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is considered to protect the interests of the state in terms of revenue collection. It ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring proper taxation.

Frequently asked questions

What is the current guideline value of Annapoorani Nagar?

The current guideline value of Annapoorani Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, an overall increase of 563%.

What are the other streets with guideline values in Kavundampalayam?

Other streets in Kavundampalayam include Anna Nagar (ward 9) at Rs 1,325 per sq.ft, Anna Nagar (MTP Road) at Rs 1,020 per sq.ft, and several others, with values ranging from Rs 1,000 to Rs 4,405 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,25,000, the stamp duty would be Rs 92,750 and the registration fee would be Rs 26,500, totaling Rs 1,19,250.

Where is the Sub Registrar Office for Annapoorani Nagar located?

The Sub Registrar Office for Annapoorani Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.