Guideline Value for Bannari Amman Nagar

Bannari Amman Nagar guideline value

The current guideline value of Bannari Amman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the jurisdiction of the Singanallur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bannari Amman Nagar has changed

The guideline value for Bannari Amman Nagar has seen significant changes over the years. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. This increased to Rs 268 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, representing a remarkable increase of 273%. The most recent revision in 2024 set the guideline value at Rs 1,003 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 151%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bannari Amman Nagar's 2024 figure below this median.

• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bazzar Street: Rs 1,680 per sq.ft (2024)
• Beema Street 1,2: Rs 1,680 per sq.ft (2024)
• Bethel Nagar(SIHS colony): Rs 1,002 per sq.ft (2024)
• Balaji Nagar Railway Line South: Rs 1,006 per sq.ft (2024)
• Bharathi Nagar 1, 2, 3: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bannari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value amounts to Rs 10,03,000. The stamp duty is charged at 7%, which amounts to Rs 70,210, and the registration fee is charged at 2%, amounting to Rs 20,060. Therefore, the total cost for stamp duty and registration fee together is Rs 90,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bannari Amman Nagar?

The Sub Registrar Office that covers Bannari Amman Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Singanallur. It serves as a benchmark for determining the minimum value of the property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the established property values in the area.

Frequently asked questions

What is the current guideline value of Bannari Amman Nagar?

The current guideline value of Bannari Amman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2012 to Rs 1,003 per sq.ft in 2024, with several revisions in between.

What is the land classification of Bannari Amman Nagar?

Bannari Amman Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bannari Amman Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,03,000, the stamp duty at 7% would be Rs 70,210.