Guideline Value for BANKERS NAGAR-1,SRI KALIAMMAN NAGAR

Bankers Nagar-1,Sri Kaliamman Nagar guideline value

The current guideline value for Bankers Nagar-1, Sri Kaliamman Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village and falls under the Ganapathy SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Bankers Nagar-1,Sri Kaliamman Nagar has changed

The guideline value for Bankers Nagar-1, Sri Kaliamman Nagar has undergone several revisions over the years. Starting from Rs 60 per sq.ft in 2007, it increased significantly to Rs 750 per sq.ft in 2012. However, there was a decrease to Rs 502 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,010 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value increased by 1% from 2023 to 2024. From 2017 to 2023, it saw a substantial increase of 99%. The value decreased by 33% from 2012 to 2017, while it surged dramatically by 1150% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 1583%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with 2024 figures ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value for the village is Rs 1,008 per sq.ft, making Bankers Nagar-1, Sri Kaliamman Nagar's 2024 figure of Rs 1,010 per sq.ft above the median.

• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)
• Bankers Colony Phase 2: 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 Nagar-1,Sri Kaliamman Nagar

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, while the registration fee at 2% would be Rs 20,200. Together, the total cost for these fees would be Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bankers Nagar-1,Sri Kaliamman Nagar?

The Sub Registrar Office that covers Bankers Nagar-1, Sri Kaliamman Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Villankuruchi. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the registration charges, ensuring that the fees reflect the current market standards as set by the registration department. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Bankers Nagar-1, Sri Kaliamman Nagar?

The current guideline value for Bankers Nagar-1, Sri Kaliamman Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, marking an overall increase of 1583% over the years.

What is the median guideline value in Villankuruchi?

The median guideline value in Villankuruchi is Rs 1,008 per sq.ft, with Bankers Nagar-1, Sri Kaliamman Nagar's value being slightly above this median.

What are the stamp duty and registration fees for a property in Bankers Nagar-1, Sri Kaliamman Nagar?

For a 1,000 sq.ft plot, the total guideline value would be Rs 10,10,000, with stamp duty at Rs 70,700 and registration fee at Rs 20,200, totaling Rs 90,900.

Which office handles property registration for Bankers Nagar-1, Sri Kaliamman Nagar?

The Ganapathy Sub Registrar Office handles property registration for Bankers Nagar-1, Sri Kaliamman Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.