Guideline Value for BHARATHIAR VEETHI NEASAVALAR COLONY

Bharathiar Veethi Neasavalar Colony guideline value

The current guideline value of Bharathiar Veethi Neasavalar Colony is Rs 448 per sq.ft, effective from 1 July 2024. This colony is located in Kangeyam village, under the Kangeyam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathiar Veethi Neasavalar Colony has changed

The guideline value for Bharathiar Veethi Neasavalar Colony has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value rose significantly to Rs 400 per sq.ft in 2023, and then to Rs 448 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 12% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO that have a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which is the same as the guideline value for Bharathiar Veethi Neasavalar Colony.

• Bharathiar Street: Rs 448 per sq.ft (2024)
• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 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 Bharathiar Veethi Neasavalar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Veethi Neasavalar Colony?

The Bharathiar Veethi Neasavalar Colony falls under the jurisdiction of 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 when buying or selling property in Kangeyam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a buyer decides to purchase a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market standards as set by the registration department. It is essential for both buyers and sellers to be aware of these values to ensure compliance with legal requirements during the sale process.

Frequently asked questions

What is the current guideline value of Bharathiar Veethi Neasavalar Colony?

The current guideline value of Bharathiar Veethi Neasavalar Colony is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024. This reflects a significant increase from 2017 to 2023 and a smaller increase from 2023 to 2024.

What are the stamp duty and registration fees for property in this area?

The stamp duty for a property valued at Rs 4,48,000 would be Rs 31,360, while the registration fee would be Rs 8,960. Together, these fees total Rs 40,320.

Which office handles property registrations in Bharathiar Veethi Neasavalar Colony?

The Kangeyam Sub Registrar Office handles property registrations for Bharathiar Veethi Neasavalar Colony. It is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the minimum price for property registration and is used to calculate the applicable stamp duty and registration fees. It ensures that transactions reflect the current market standards as set by the registration department.