Guideline Value for B VIJAYALAKSHMI AVENUE

B Vijayalakshmi Avenue guideline value

The current guideline value of B Vijayalakshmi Avenue is Rs 1,045 per sq.ft. This street is located in KALAPATTY_East village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of B Vijayalakshmi Avenue has changed

The guideline value for B Vijayalakshmi Avenue has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase. The most recent revision in 2024 set the guideline value at Rs 1,045 per sq.ft, reflecting a 5% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 212%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value in this area is Rs 1,055 per sq.ft, placing B Vijayalakshmi Avenue's current figure below that median.

• Brinda Nagar: Rs 1,035 per sq.ft (2024)
• Boopathi Street (Thottipalayam): Rs 1,040 per sq.ft (2024)
• B M R Layout: Rs 1,065 per sq.ft (2024)
• Cheran Avenue Phase I And II: Rs 1,065 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,010 per sq.ft (2024)
• Cheran Garden: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in B Vijayalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would amount to Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total cost for stamp duty and registration fees to Rs 94,050. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers B Vijayalakshmi Avenue?

B Vijayalakshmi Avenue falls under the Gandhipuram Sub Registrar Office. The address is Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use it to calculate applicable fees.

Additionally, the guideline value impacts the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value helps ensure compliance with legal requirements during the buying or selling process.

Frequently asked questions

What is the current guideline value of B Vijayalakshmi Avenue?

The current guideline value of B Vijayalakshmi Avenue is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 212%, rising from Rs 335 per sq.ft to Rs 1,045 per sq.ft in 2024.

What is the stamp duty rate for properties in B Vijayalakshmi Avenue?

The stamp duty rate for properties in B Vijayalakshmi Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for B Vijayalakshmi Avenue?

The Sub Registrar Office covering B Vijayalakshmi Avenue is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the guideline values for other streets in KALAPATTY_East?

Other streets in KALAPATTY_East have varying guideline values. For example, Brinda Nagar has a guideline value of Rs 1,035 per sq.ft, while B M R Layout is at Rs 1,065 per sq.ft.