Guideline Value for BUTHAR VEETHI

Buthar Veethi guideline value

The current guideline value of Buthar Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty. village, under the Gandhipuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Buthar Veethi has changed

The guideline value of Buthar Veethi has seen significant changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 398%, raising the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,045 per sq.ft, marking a 5% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 248%.

Guideline values in Saravanmpatty.

In Saravanmpatty., there are 180 streets under the Gandhipuram SRO that have a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, making Buthar Veethi's 2024 value of Rs 1,045 per sq.ft below the median.

• Brahma Camellia: Rs 1,170 per sq.ft (2024)
• Boyar Street: Rs 1,045 per sq.ft (2024)
• Bose Garden: Rs 1,055 per sq.ft (2024)
• Boopathy Nagar: Rs 1,055 per sq.ft (2024)
• Chidambaram Nagar: Rs 1,685 per sq.ft (2024)
• Chitra Nagar: Rs 1,685 per sq.ft (2024)

Stamp duty and registration fee for property in Buthar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total cost to Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Buthar Veethi?

The Sub Registrar Office that covers Buthar Veethi is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saravanmpatty. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is documented at a value recognized by the government.

When a buyer or seller approaches the registration office, the guideline value helps in establishing a baseline for the property's worth, which aids in the calculation of applicable fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Buthar Veethi?

The current guideline value of Buthar Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 1,045 per sq.ft in 2024, marking an overall increase of 248% over this period.

What is the stamp duty on property in Buthar Veethi?

The stamp duty on property in Buthar Veethi is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,45,000, the stamp duty would be Rs 73,150.

Which office handles property registration for Buthar Veethi?

The Gandhipuram Sub Registrar Office handles property registration for Buthar Veethi, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the other streets in Saravanmpatty. with guideline values?

Other streets in Saravanmpatty. include Brahma Camellia at Rs 1,170 per sq.ft, Boyar Street at Rs 1,045 per sq.ft, and Chidambaram Nagar at Rs 1,685 per sq.ft, among others.