Guideline Value for Annapoorna Lay-out

Annapoorna Lay-out guideline value

The current guideline value of Annapoorna Lay-out is Rs 2,240 per sq.ft. It is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annapoorna Lay-out has changed

The guideline value for Annapoorna Lay-out has undergone several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 1,000 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The 2023 revision saw a significant increase to Rs 2,000 per sq.ft, followed by a further rise to Rs 2,240 per sq.ft in the 2024 revision, which is effective from 1 July 2024, representing a 12% increase from the previous year.

In summary, the guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, which is an overall increase of 124%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO, with the 2024 guideline values ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median value is Rs 2,240 per sq.ft, which is equal to the current guideline value for Annapoorna Lay-out.

• Arundhadhiyar Street (Haripuram): Rs 1,120 per sq.ft (2024)
• Aswath Nagar: Rs 2,240 per sq.ft (2024)
• Ambika Lay-out: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South SideMAIN ROAD: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 3rd Cross: Rs 2,240 per sq.ft (2024)
• Alamu Nagar South Side 2nd Cross: Rs 2,240 per sq.ft (2024)

Stamp duty and registration fee for property in Annapoorna Lay-out

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value would be Rs 22,40,000. The stamp duty at 7% would amount to Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annapoorna Lay-out?

The Sub Registrar Office that covers Annapoorna Lay-out is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value plays a crucial role when buying or selling property in Ganapathyward11. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees during the transaction.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to assess the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property in the area.

Frequently asked questions

What is the current guideline value of Annapoorna Lay-out?

The current guideline value of Annapoorna Lay-out is Rs 2,240 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, representing an overall increase of 124%.

What are the stamp duty and registration fees for property in Annapoorna Lay-out?

For a 1,000 sq.ft property, the total guideline value is Rs 22,40,000. The stamp duty would be Rs 1,56,800 and the registration fee would be Rs 44,800, totaling Rs 2,01,600.

Which Sub Registrar Office covers Annapoorna Lay-out?

The Ganapathy Sub Registrar Office covers Annapoorna Lay-out, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value of a property for registration. It is essential in calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.