Guideline Value for B VIJAYALAKSHMI AVENUE

B Vijayalakshmi Avenue guideline value

The current guideline value of B Vijayalakshmi Avenue is Rs 1,050 per sq.ft, effective from 1 July 2024. This street is located in Kalapatty_west village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of B Vijayalakshmi Avenue has changed

Over the years, the guideline value of B Vijayalakshmi Avenue has seen significant changes. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a remarkable increase of 199%. The most recent revision in 2024 raised the value further to Rs 1,050 per sq.ft, reflecting a 5% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 213%.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,060 per sq.ft. B Vijayalakshmi Avenue's 2024 guideline value is below this median.

• Casa Grande: Rs 1,060 per sq.ft (2024)
• Brinda Nagar: Rs 1,040 per sq.ft (2024)
• Boopathi Street (Thottipalayam): Rs 1,045 per sq.ft (2024)
• Bogain Villea Extension: Rs 1,795 per sq.ft (2024)
• B M R Layout: Rs 1,065 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,065 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, the total guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, while the registration fee at 2% would be Rs 21,000, bringing the total fees to Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B Vijayalakshmi Avenue?

B Vijayalakshmi Avenue falls under the Gandhipuram Sub Registrar Office, located at 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_west

The guideline value is a crucial factor during property registration in Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction value. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of B Vijayalakshmi Avenue?

The current guideline value of B Vijayalakshmi Avenue is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,050 per sq.ft in 2024, marking an overall increase of 213% over this period.

What are the stamp duty and registration fees for property in B Vijayalakshmi Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500.

Which Sub Registrar Office covers B Vijayalakshmi Avenue?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, which directly influences the stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.