Guideline Value for BANGALA VEETHI

Bangala Veethi guideline value

The current guideline value of Bangala Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty., under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bangala Veethi has changed

The guideline value of Bangala Veethi has undergone several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 199%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw an increase of 6%, raising the value to Rs 1,060 per sq.ft.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 112%.

Guideline values in Saravanmpatty.

In Saravanmpatty., there are 180 streets under the Gandhipuram SRO carrying a 2024 guideline value, ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value is Rs 1,060 per sq.ft, which is equal to the guideline value of Bangala Veethi.

• Balaji Nagar: Rs 1,060 per sq.ft (2024)
• Bharathiar Veethi: Rs 1,055 per sq.ft (2024)
• Bharathithasan Veethi: Rs 1,060 per sq.ft (2024)
• Bharathi Veethi: Rs 1,060 per sq.ft (2024)
• Bharma Thamilar Colony: Rs 1,045 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Bangala Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value amounts to Rs 10,60,000. The stamp duty at 7% would be Rs 74,200, and the registration fee at 2% would be Rs 21,200, totaling Rs 95,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangala Veethi?

The Sub Registrar Office covering Bangala Veethi is the Gandhipuram Sub Registrar Office, located at 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 Saravanmpatty.

The guideline value is an essential factor during the registration of property transactions in Saravanmpatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair and standardized valuation, which is crucial for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bangala Veethi?

The current guideline value of Bangala Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,060 per sq.ft in 2024, with significant increases in 2017 and 2023.

What is the land classification for Bangala Veethi?

Bangala Veethi is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in Bangala Veethi?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 74,200 and the registration fee would be Rs 21,200, totaling Rs 95,400.

Which office handles property registration for Bangala Veethi?

The Gandhipuram Sub Registrar Office handles property registration for Bangala Veethi, located at Kalapatti Road, near Saravanampatti Police Station.