Guideline Value for BANKERS COLONY PHASE ii

BANKERS COLONY PHASE ii guideline value

The current guideline value of BANKERS COLONY PHASE ii, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of BANKERS COLONY PHASE ii has changed

The guideline value for BANKERS COLONY PHASE ii has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 225 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 502 per sq.ft in 2017, which was a decline of 33%. Following this, the value surged to Rs 1,000 per sq.ft in 2023, a remarkable increase of 99%, and finally, it stands at Rs 1,010 per sq.ft from the 2024 revision, which is a 1% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 349%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with guideline values for 2024 ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, placing BANKERS COLONY PHASE ii's 2024 figure above the median.

• Bankers Colony Phase 2: Rs 1,010 per sq.ft (2024)
• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• Bankers Nagar-1,Sri Kaliamman Nagar: Rs 1,010 per sq.ft (2024)
• Bethal Nagar: Rs 1,007 per sq.ft (2024)
• Balaji Nagar: Rs 1,006 per sq.ft (2024)
• Bharathi Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in BANKERS COLONY PHASE ii

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total cost for these charges Rs 90,900. 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 BANKERS COLONY PHASE ii?

The BANKERS COLONY PHASE ii area is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Villankuruchi. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property transactions and helps maintain a standardized approach to property valuation in the region.

Frequently asked questions

What is the current guideline value of BANKERS COLONY PHASE ii?

The current guideline value of BANKERS COLONY PHASE ii is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 349% over the years.

What is the stamp duty rate for properties in BANKERS COLONY PHASE ii?

The stamp duty rate for properties in BANKERS COLONY PHASE ii is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

What is the median guideline value in Villankuruchi?

The median guideline value for streets in Villankuruchi is Rs 1,008 per sq.ft, with BANKERS COLONY PHASE ii's value being above this median.