Guideline Value for BLACK MARIYAMMAN KOVIL VEETHI

Black Mariyamman Kovil Veethi guideline value

The current guideline value of Black Mariyamman Kovil Veethi is Rs 711 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Black Mariyamman Kovil Veethi has changed

The guideline value for Black Mariyamman Kovil Veethi has undergone several revisions over the years. The earliest available figure is from 2012, where it was Rs 500 per sq.ft. In 2017, the value increased to Rs 335 per sq.ft, but this was a decrease of 33%. The value then rose to Rs 500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 711 per sq.ft, reflecting a substantial increase of 42% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 42%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with the 2024 guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, which is equal to the current value of Black Mariyamman Kovil Veethi.

• Bhuvana 2.0: Rs 1,000 per sq.ft (2024)
• Bharathi Street: Rs 711 per sq.ft (2024)
• Bharathi Puram: Rs 890 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Black Mariyamman Kovil Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, and the registration fee at 2% would be Rs 14,220, leading to a total cost of Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Black Mariyamman Kovil Veethi?

The Black Mariyamman Kovil Veethi is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Velampalayam. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. It acts as a reference point for both buyers and sellers during negotiations and finalization of the sale.

Frequently asked questions

What is the current guideline value of Black Mariyamman Kovil Veethi?

The current guideline value of Black Mariyamman Kovil Veethi is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2012 to Rs 711 per sq.ft in 2024, marking an overall increase of 42% during this period.

What is the stamp duty for property in Black Mariyamman Kovil Veethi?

The stamp duty for property in Black Mariyamman Kovil Veethi is 7% of the guideline value, which would be Rs 49,770 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Black Mariyamman Kovil Veethi located?

The Sub Registrar Office covering Black Mariyamman Kovil Veethi is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

What are the other streets in Velampalayam with similar guideline values?

Other streets in Velampalayam include Bharathi Street and Bharathi Ist Street, both with a guideline value of Rs 711 per sq.ft, as well as Bharathi Puram and Bharathi Nagar, which have values of Rs 890 per sq.ft.