Guideline Value for BANKERS COLONY

Bankers Colony guideline value

The current guideline value of Bankers Colony is Rs 335 per sq.ft, effective from 1 July 2024. This area is located in Vellanaipatty village under the Ganapathy SRO and is classified as Residential Class I Type - II.

How the guideline value of Bankers Colony has changed

Over the years, the guideline value of Bankers Colony has seen several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 335 per sq.ft in the 2024 revision, marking a change of +12%.

The 2024 revision brings the value in line with the median value of Rs 335 per sq.ft for the 110 streets in Vellanaipatty under the Ganapathy SRO. This median value ranges from Rs 220 to Rs 1,500 per sq.ft.

Guideline values in Vellanaipatty

In Vellanaipatty, the guideline values vary widely, with 110 streets carrying a 2024 figure. The guideline value for Bankers Colony is equal to the median of Rs 335 per sq.ft. Below are some other streets in Vellanaipatty:

• Bannariamman Nagar: Rs 335 per sq.ft (2024)
• Balu Gardens: Rs 335 per sq.ft (2024)
• Bharathi Avenue: Rs 335 per sq.ft (2024)
• Bharathi Avenue Extn: Rs 335 per sq.ft (2024)
• Bharathi Avenue II: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Bankers Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value would be Rs 3,35,000. The stamp duty, charged at 7%, would amount to Rs 23,450, while the registration fee at 2% would be Rs 6,700. Together, the total cost for stamp duty and registration would be Rs 30,150. 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?

The Sub Registrar Office that covers Bankers Colony is 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 Vellanaipatty

The guideline value plays a crucial role during property registration in Vellanaipatty. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. The guideline value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Bankers Colony?

The current guideline value of Bankers Colony is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 335 per sq.ft in 2024, representing a +12% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Bankers Colony?

Bankers Colony is classified as Residential Class I Type - II. This classification affects the guideline value and other regulatory aspects of property transactions in the area.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. This office handles property registrations for Bankers Colony.

How is stamp duty calculated for properties in Bankers Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 335 per sq.ft, the stamp duty would be Rs 23,450.