Guideline Value for BOUGAIN VILLEA

Bougain Villea guideline value

The current guideline value of Bougain Villea, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - III.

How the guideline value of Bougain Villea has changed

The guideline value for Bougain Villea has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, reflecting no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, placing Bougain Villea's 2024 figure below that median.

• Bramma Daffodils: Rs 1,680 per sq.ft (2024)
• Brindhavana Nagar: Rs 1,008 per sq.ft (2024)
• Brindhavan Nagar: Rs 1,007 per sq.ft (2024)
• Casa Grande-Next Town: Rs 1,009 per sq.ft (2024)
• Chenniappa Gounder Nagar: Rs 1,008 per sq.ft (2024)
• Cheranmaanagar/Sree Raghavendra Nagar Avenue: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Bougain Villea

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty, charged at 7%, would be Rs 70,070, while the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. 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 detailed calculations.

Which Sub Registrar Office covers Bougain Villea?

Bougain Villea falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code for this area is 641006. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Bougain Villea?

The current guideline value of Bougain Villea is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bougain Villea has increased from Rs 670 per sq.ft in 2017 to Rs 1,001 per sq.ft in 2024, marking a 49% increase overall. The value was Rs 1,000 per sq.ft in 2023.

What is the land classification for Bougain Villea?

Bougain Villea is classified as Residential Class III Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bougain Villea?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bougain Villea?

The Ganapathy Sub Registrar Office covers Bougain Villea and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your specific SRO using the provided link.