Guideline Value for BUDDHAR STREET, RANGANATHAR STREET

Buddhar Street, Ranganathar Street guideline value

The current guideline value for Buddhar Street, Ranganathar Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Buddhar Street, Ranganathar Street has changed

The guideline value for Buddhar Street, Ranganathar Street has undergone several revisions over the years. In 2012, the value was Rs 1,250 per sq.ft. This was followed by a decrease to Rs 837 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase to Rs 1,250 per sq.ft in 2023, and then rose again to Rs 1,400 per sq.ft in 2024, reflecting a 12% increase from the previous year. The overall change from 2012 to 2024 is an increase of 12%.

It is important to note that there are no recorded figures for Buddhar Street, Ranganathar Street in the years 2002, 2003, and 2007. The guideline value in 2024 represents a substantial increase of 49% from the 2017 revision.

Guideline values in Ganapathy

In Ganapathy village, there are a total of 324 streets under the Ganapathy SRO, with guideline values ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value in this area is Rs 1,120 per sq.ft, making the current guideline value of Buddhar Street, Ranganathar Street above the median.

• Chekkan Thottam: Rs 1,120 per sq.ft (2024)
• Chellappagounder Layout-1: Rs 1,120 per sq.ft (2024)
• Cheran Street: Rs 1,008 per sq.ft (2024)
• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Buddhar Street, Ranganathar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost for these charges Rs 1,26,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Buddhar Street, Ranganathar Street?

The Sub Registrar Office that covers Buddhar Street, Ranganathar Street 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 Ganapathy

The guideline value is a crucial factor during the registration of property transactions in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these charges are calculated based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be considered for taxation purposes. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Buddhar Street, Ranganathar Street?

The current guideline value of Buddhar Street, Ranganathar Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then back up to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Buddhar Street, Ranganathar Street?

Buddhar Street, Ranganathar Street is classified as Residential Class I Type - I.

Where is the Ganapathy Sub Registrar Office located?

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

How is stamp duty calculated for property in Ganapathy?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is set at 7% of the guideline value, along with a registration fee of 2%.