Guideline Value for BANNARI AMMAL KOVIL STREET (244/1.2)

Bannari Ammal Kovil Street (244/1.2) guideline value

The current guideline value of Bannari Ammal Kovil Street (244/1.2) is Rs 226 per sq.ft, effective from 1 July 2024. This street is located in Salangapalayam village and falls under the Kavundapadi SRO, classified as Residential Class I Type - III.

How the guideline value of Bannari Ammal Kovil Street (244/1.2) has changed

The guideline value for Bannari Ammal Kovil Street has seen several revisions over the years. The earliest recorded value is Rs 18 per sq.ft in 2003, which increased to Rs 26 per sq.ft in 2007. Following this, the value surged to Rs 200 per sq.ft in 2012, but then decreased to Rs 134 per sq.ft in 2017. The value remained at Rs 226 per sq.ft in both 2023 and the latest revision in 2024, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 69%. The significant jump from 2007 to 2012 was a remarkable 669%. Overall, from 2003 to 2024, the guideline value has risen by 1156%. Notably, the register has no figure for the year 2002 for this street.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with the median being Rs 226 per sq.ft. Bannari Ammal Kovil Street's 2024 figure matches this median.

• Bandara kadu (587/1): Rs 200 per sq.ft (2024)
• Bhavani Main Road (242/12,244/1,2,302/4,5,282/11): Rs 426 per sq.ft (2024)
• Ayyan Valasu Colony (703/6,11,13): Rs 200 per sq.ft (2024)
• Ayyan Valasu (700/2): Rs 226 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bannari Ammal Kovil Street (244/1.2)

For a 1,000 sq.ft plot at the current rate of Rs 226 per sq.ft, the guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, totaling Rs 20,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bannari Ammal Kovil Street (244/1.2)?

The Sub Registrar Office covering Bannari Ammal Kovil Street (244/1.2) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Salangapalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Bannari Ammal Kovil Street?

The current guideline value of Bannari Ammal Kovil Street (244/1.2) is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 18 per sq.ft in 2003 to Rs 226 per sq.ft in 2024, reflecting an overall increase of 1156% over this period.

What is the median guideline value for streets in Salangapalayam?

The median guideline value for streets in Salangapalayam is Rs 226 per sq.ft, which is the same as the current value for Bannari Ammal Kovil Street.

What are the stamp duty and registration fees for a property in Bannari Ammal Kovil Street?

For a property valued at Rs 2,26,000, the stamp duty would be Rs 15,820, and the registration fee would be Rs 4,520, totaling Rs 20,340.

Where is the Sub Registrar Office for Bannari Ammal Kovil Street located?

The Sub Registrar Office for Bannari Ammal Kovil Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.