Guideline Value for BAZANAIMADA VEETHI

Bazanaimada Veethi guideline value

The current guideline value of Bazanaimada Veethi is Rs 616 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the jurisdiction of the Kangeyam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Bazanaimada Veethi has changed

The guideline value for Bazanaimada Veethi has undergone several revisions over the years. In 2012, the value was Rs 550 per sq.ft, which decreased to Rs 368 per sq.ft in 2017. Following this, the value increased significantly to Rs 550 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 616 per sq.ft, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 12% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for the village is Rs 448 per sq.ft, placing Bazanaimada Veethi's 2024 value above this median.

• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Bharathiar Street: Rs 448 per sq.ft (2024)
• Bharathiar Veethi Neasavalar Colony: Rs 448 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road First Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bazanaimada Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 616 per sq.ft, the total guideline value amounts to Rs 6,16,000. The stamp duty, calculated at 7%, would be Rs 43,120, and the registration fee at 2% would be Rs 12,320, bringing the total fees to Rs 55,440. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bazanaimada Veethi?

The Bazanaimada Veethi area falls under the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Bazanaimada Veethi?

The current guideline value of Bazanaimada Veethi is Rs 616 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 550 per sq.ft in 2012 to Rs 368 per sq.ft in 2017, then up to Rs 550 per sq.ft in 2023, and finally to Rs 616 per sq.ft in 2024.

What is the stamp duty and registration fee for property transactions?

For a property valued at Rs 6,16,000, the stamp duty is Rs 43,120 and the registration fee is Rs 12,320, totaling Rs 55,440. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kangeyam?

The Kangeyam Sub Registrar Office handles property registrations in the area. It is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the median guideline value in Kangeyam?

The median guideline value for Kangeyam village is Rs 448 per sq.ft, with Bazanaimada Veethi's current value being above this median.