Guideline Value for Bannari nagar Kudisai

Bannari nagar Kudisai guideline value

The current guideline value of Bannari nagar Kudisai is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Bannari nagar Kudisai has changed

The guideline value for Bannari nagar Kudisai has undergone several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 499%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 saw a slight increase of 1%, raising the value to Rs 1,006 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 302%.

Guideline values in Singanallur

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

• Bannari Amman Nagar: Rs 1,003 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 nagar Kudisai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total fees to Rs 90,540. Please 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 information on calculating fees.

Which Sub Registrar Office covers Bannari nagar Kudisai?

The Sub Registrar Office that covers Bannari nagar Kudisai is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bannari nagar Kudisai?

The current guideline value of Bannari nagar Kudisai is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 1,006 per sq.ft in 2024, with significant increases in 2023 and 2024.

What are the stamp duty and registration fees for property in Bannari nagar Kudisai?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,06,000, with stamp duty at Rs 70,420 and registration fee at Rs 20,120, totaling Rs 90,540.

Which Sub Registrar Office covers Bannari nagar Kudisai?

The Singanallur Sub Registrar Office covers Bannari nagar Kudisai, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification of Bannari nagar Kudisai?

Bannari nagar Kudisai is classified as Residential Class III Type - II, indicating its suitability for residential development.