Guideline Value for Bairavi Street-Gandhi Nagar

Bairavi Street-Gandhi Nagar guideline value

The current guideline value of Bairavi Street-Gandhi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bairavi Street-Gandhi Nagar has changed

The guideline value for Bairavi Street-Gandhi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which increased to Rs 536 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, marking an increase of 87%. The guideline value remained unchanged from 2023 to 2024 at Rs 1,000 per sq.ft.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Bairavi Street-Gandhi Nagar.

• Bagavathi Street (Thadagam Road): Rs 1,325 per sq.ft (2024)
• Bagavathi Nagar: Rs 1,000 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 per sq.ft (2024)
• Baba Nagar (Onapalayam Road): Rs 1,000 per sq.ft (2024)
• Baba Nagar: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bairavi Street-Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Bairavi Street-Gandhi Nagar?

The Bairavi Street-Gandhi Nagar area is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, 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 Kavundampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the stamp duty and registration fees are calculated fairly based on the established guideline value.

When a property is sold, the guideline value helps in assessing the transaction value for taxation purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Bairavi Street-Gandhi Nagar?

The current guideline value of Bairavi Street-Gandhi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification of Bairavi Street-Gandhi Nagar?

Bairavi Street-Gandhi Nagar is classified as Residential Class I Type - II.

Where can I find the registration office for Bairavi Street-Gandhi Nagar?

The registration office for Bairavi Street-Gandhi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Bairavi Street-Gandhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.