Guideline Value for BHUVANA DIAMOND HILL

Bhuvana Diamond Hill guideline value

The current guideline value of Bhuvana Diamond Hill is Rs 1,670 per sq.ft, effective from 1 July 2024. This property is located in Villankuruchicorpration village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bhuvana Diamond Hill has changed

The guideline value for Bhuvana Diamond Hill has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,670 per sq.ft in 2024, marking an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Bhuvana Diamond Hill's 2024 figure above the median.

• Bharathi Street,V.O.C.Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street.Sasthiri Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Balaranganathapuram: Rs 1,120 per sq.ft (2024)
• Balagurugardens: Rs 1,670 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvana Diamond Hill

For a 1,000 sq.ft plot at the current guideline value of Rs 1,670 per sq.ft, the total guideline value amounts to Rs 16,70,000. The stamp duty at 7% would be Rs 1,16,900, while the registration fee at 2% would be Rs 33,400, bringing the total to Rs 1,50,300. 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 Bhuvana Diamond Hill?

The Sub Registrar Office covering Bhuvana Diamond Hill is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to assess the applicable fees, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bhuvana Diamond Hill?

The current guideline value of Bhuvana Diamond Hill is Rs 1,670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023 and finally to Rs 1,670 per sq.ft in 2024.

What is the land classification of Bhuvana Diamond Hill?

Bhuvana Diamond Hill is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is stamp duty calculated for properties in Bhuvana Diamond Hill?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,70,000, the stamp duty would be Rs 1,16,900 at 7%.