Guideline Value for Annur Road

Annur Road guideline value

The current guideline value of Annur Road in Mettupalayam village, under the Mettupalayam SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Annur Road has changed

The guideline value for Annur Road has seen several revisions over the years. In 2007, the value was Rs 460 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. This was a substantial rise of 335%. However, the value dropped to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision maintained the value at Rs 2,000 per sq.ft, and this figure remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, the value has risen by 335%.

Guideline values in Mettupalayam

Mettupalayam village has a total of 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Annur Road's 2024 figure above this median.

• Appa Kadu: Rs 350 per sq.ft (2024)
• Appa Street: Rs 350 per sq.ft (2024)
• Anna Nagar Colony: Rs 600 per sq.ft (2024)
• Annaj Road Westside Girls High school Road: Rs 2,000 per sq.ft (2024)
• Annaj Road (Market Road to Sirumugai Road): Rs 2,000 per sq.ft (2024)
• Annaj Road (Market Road): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost for these fees Rs 1,80,000. 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 precise calculations.

Which Sub Registrar Office covers Annur Road?

The Sub Registrar Office that covers Annur Road is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the associated fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annur Road?

The current guideline value of Annur Road is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 460 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and remained at Rs 2,000 per sq.ft in 2023 and 2024.

What is the land classification for Annur Road?

Annur Road is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for properties on Annur Road?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

Which office handles registrations for Annur Road?

The Mettupalayam Sub Registrar Office handles registrations for Annur Road, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.