Guideline Value for BENNY STREET

Benny Street guideline value

The current guideline value of Benny Street in Ward - K village is Rs 3,920 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Benny Street has changed

The guideline value for Benny Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,920 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, marking a change of +12%. Prior to that, the value was Rs 2,345 per sq.ft in 2017, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, indicating a decrease of -33% from the previous 2007 figure of Rs 2,590 per sq.ft, which had increased by +35% from 2002 and 2003, for which the register has no figure for this street.

Overall, from 2007 to 2024, the guideline value has increased by +51%. The historical revisions show that the value fluctuated significantly, with the 2017 figure being the lowest in recent years.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Benny Street's current guideline value is above this median.

• Benny Main Road: Rs 3,920 per sq.ft (2024)
• Bharathiar Street: Rs 1,120 per sq.ft (2024)
• Bharathipuram: Rs 2,800 per sq.ft (2024)
• Binny Colony And Park Street: Rs 3,920 per sq.ft (2024)
• Avinashi Road (Bazaar Street): Rs 4,480 per sq.ft (2024)
• Avinashi Road 60 Feet (North Side): Rs 4,480 per sq.ft (2024)

Stamp duty and registration fee for property in Benny Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,920 per sq.ft, the total guideline value would be Rs 39,20,000. The stamp duty at 7% would amount to Rs 2,74,400, and the registration fee at 2% would be Rs 78,400, leading to a total of Rs 3,52,800. Please 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 further calculations.

Which Sub Registrar Office covers Benny Street?

Benny Street is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - K

The guideline value plays a crucial role in the registration process of property transactions in Ward - K. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is assessed to ensure that the sale price is in line with the official rates. This helps maintain transparency and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Benny Street?

The current guideline value of Benny Street is Rs 3,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,590 per sq.ft in 2007 to Rs 3,920 per sq.ft in 2024, marking an overall increase of +51% during this period.

What are the registration fees for property in Benny Street?

The registration fees for property in Benny Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles transactions for Benny Street?

The Tiruppur Joint I Sub Registrar Office handles transactions for Benny Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Benny Street?

Benny Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.