Guideline Value for Banari amman Kovi Street

Banari amman Kovi Street guideline value

The current guideline value of Banari amman Kovi Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward 13 village under the Coimbatore South Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Banari amman Kovi Street has changed

The guideline value for Banari amman Kovi Street has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, and it increased to Rs 2,000 per sq.ft in the 2024 revision, marking an increase of 11%.

From the 2023 to 2024 revision, the guideline value rose from Rs 1,800 to Rs 2,000 per sq.ft. This change reflects the latest assessment by the Registration Department's guideline value register (TNReginet).

Guideline values in Ward 13

In Ward 13, there are 56 streets under the Coimbatore South Joint 1 SRO with a 2024 guideline value ranging from Rs 2,000 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,600 per sq.ft, placing Banari amman Kovi Street's 2024 figure below that median.

• Bharathi Nagar: Rs 2,000 per sq.ft (2024)
• A.R.G.P.Balagurumoorthy Chettiar Layout: Rs 2,600 per sq.ft (2024)
• Angammal Layout: Rs 2,000 per sq.ft (2024)
• Anbu Street: Rs 2,000 per sq.ft (2024)
• Anbagam Street: Rs 2,000 per sq.ft (2024)
• Caption Palaniswamy Layout: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Banari amman Kovi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Banari amman Kovi Street?

The Sub Registrar Office that covers Banari amman Kovi Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 Ward 13

The guideline value is a critical factor in the registration of property transactions in Ward 13. It determines the amount of stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is recorded accurately in accordance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Banari amman Kovi Street?

The current guideline value of Banari amman Kovi Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Banari amman Kovi Street has changed from Rs 1,800 per sq.ft in 2023 to Rs 2,000 per sq.ft in 2024, reflecting an increase of 11%.

What are the other streets in Ward 13 with their guideline values?

Other streets in Ward 13 include Bharathi Nagar and Angammal Layout at Rs 2,000 per sq.ft, and A.R.G.P.Balagurumoorthy Chettiar Layout and Caption Palaniswamy Layout at Rs 2,600 per sq.ft.

What is the stamp duty rate for properties in Banari amman Kovi Street?

The stamp duty rate for properties in Banari amman Kovi Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Banari amman Kovi Street?

The Sub Registrar Office for Banari amman Kovi Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.