Guideline Value for BUS STAND MAIN ROAD

Bus Stand Main Road guideline value

The current guideline value of Bus Stand Main Road is Rs 450 per sq.ft, effective from 1 July 2024. This road is located in Anaimalai Hills village, under the Anaimalai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Bus Stand Main Road has changed

Looking back at the revisions, the guideline value for Bus Stand Main Road has seen several changes over the years. The 2003 revision recorded a value of Rs 141 per sq.ft, which increased to Rs 205 per sq.ft in 2007. Following that, the value jumped significantly to Rs 450 per sq.ft in 2012, marking a 120% increase. However, it then decreased to Rs 301 per sq.ft in 2017, a reduction of 33%. The 2023 revision maintained the value at Rs 450 per sq.ft, and the current 2024 revision continues this value, showing no change from the previous year.

In summary, from the 2017 revision to the 2023 revision, the guideline value increased by 50%. Overall, from the 2003 revision to the 2024 revision, there has been a substantial increase of 219% in the guideline value for Bus Stand Main Road.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Bus Stand Main Road is above this median, reflecting its commercial classification.

• Chidhambaranar Nagar: Rs 450 per sq.ft (2024)
• Children's Park Street: Rs 302 per sq.ft (2024)
• CHINKONA 1st DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 2nd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty, charged at 7%, would be Rs 31,500, while the registration fee at 2% would be Rs 9,000, bringing the total charges to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bus Stand Main Road?

The Sub Registrar Office that covers Bus Stand Main Road is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, in the Coimbatore registration zone. You can find your SRO for more details.

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

When buying or selling property in Anaimalai Hills, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Furthermore, the guideline value serves as a benchmark for property transactions in the area, ensuring that the values are standardized for registration purposes. This helps maintain transparency and consistency in real estate dealings.

Frequently asked questions

What is the current guideline value for Bus Stand Main Road?

The current guideline value for Bus Stand Main Road is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bus Stand Main Road has changed notably from Rs 141 per sq.ft in 2003 to Rs 450 per sq.ft in 2024, reflecting an overall increase of 219% over this period.

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

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Which office handles registrations for Bus Stand Main Road?

The Anaimalai Sub Registrar Office is responsible for handling registrations for properties on Bus Stand Main Road, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It serves as a standard reference point for property values in the area, ensuring fair and transparent dealings during the registration process.