Guideline Value for Bannariamman Nagar

Bannariamman Nagar guideline value

The current guideline value of Bannariamman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bannariamman Nagar has changed

Over the years, the guideline value of Bannariamman Nagar has seen significant changes. Starting from the 2003 revision, where the value was Rs 65 per sq.ft, it increased dramatically to Rs 1,000 per sq.ft in 2012. This was a substantial rise of 1438%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, marking a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase, before reaching the current rate of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2007 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1592%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with the median value being Rs 1,100 per sq.ft. Bannariamman Nagar's current guideline value matches this median.

• BBC Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Padmavathi Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Nagar (THONDAMUTHUR ROAD): Rs 1,001 per sq.ft (2024)
• Balaji Nagar (MARUDHAMALI ADIVARAM): Rs 1,001 per sq.ft (2024)
• Balaji Nagar Main: Rs 1,100 per sq.ft (2024)
• Bharathi Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bannariamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bannariamman Nagar?

The Bannariamman Nagar area is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vadavalli, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a buyer approaches the registration office, the guideline value aids in ensuring that the transaction is recorded accurately, reflecting the property's worth as determined by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bannariamman Nagar?

The current guideline value of Bannariamman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 65 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1592% over this period.

What are the stamp duty and registration fees for property in Bannariamman Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Bannariamman Nagar?

The Vadavalli Sub Registrar Office handles property registrations in Bannariamman Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification of Bannariamman Nagar?

Bannariamman Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.