Guideline Value for Block 9 Anna Nagar

Block 9 Anna Nagar guideline value

The current guideline value of Block 9 Anna Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Block 9 Anna Nagar has changed

The guideline value of Block 9 Anna Nagar has undergone several revisions over the years. The earliest recorded revision in 2002 set the value at Rs 105 per sq.ft. This increased to Rs 404 per sq.ft in 2003, marking a significant rise of 285%. Following this, the guideline value saw a further increase to Rs 500 per sq.ft in 2007, which was a 24% increase from the previous year. In 2012, the value was noted at Rs 1,750 per sq.ft, reflecting a substantial increase of 250% from 2007.

In 2017, the guideline value dropped to Rs 1,172 per sq.ft, indicating a decrease of 33%. However, this was followed by a notable increase to Rs 1,750 per sq.ft in 2023, and finally, the current revision in 2024 set the value at Rs 1,925 per sq.ft, which is a 10% increase from the previous year. Overall, the guideline value has increased by 1,733% from 2002 to 2024.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 9 Anna Nagar is above this median.

• Block 9 A.P.Thangavel Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 9 Chithambaram Park: Rs 2,750 per sq.ft (2024)
• Block 8 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 9 E.V.K.SampathRoad: Rs 2,750 per sq.ft (2024)
• Block 8 Pumpings Station Road Main Road: Rs 825 per sq.ft (2024)
• Block 8 Krishnampalayam Road 1,2,3: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total fees to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 9 Anna Nagar?

The Sub Registrar Office that covers Block 9 Anna Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ward A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Block 9 Anna Nagar?

The current guideline value for Block 9 Anna Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 105 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 1,733% over this period.

What is the stamp duty for property in Block 9 Anna Nagar?

The stamp duty for property in Block 9 Anna Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,34,750.

Where is the Sub Registrar Office for Block 9 Anna Nagar located?

The Sub Registrar Office for Block 9 Anna Nagar is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, under the Erode Joint I SRO.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It is used to calculate stamp duty and registration fees during property transactions.