Guideline Value for Barani Street-Devanga Nagar

Barani Street-Devanga Nagar guideline value

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

How the guideline value of Barani Street-Devanga Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in the 2017 revision, which 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 2023 revision maintained the same rate of Rs 1,000 per sq.ft in the 2024 revision, reflecting a 0% change.

There are no figures available for the revisions in 2002, 2003, and 2007 for Barani Street-Devanga Nagar. Overall, comparing the 2012 revision to the 2024 revision, there has been a 25% increase in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the current guideline value for Barani Street-Devanga Nagar.

• Barani Street: Rs 1,000 per sq.ft (2024)
• Banulakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Bavani Street: Rs 1,015 per sq.ft (2024)
• Bavani Street - Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bharathiar Street: Rs 1,015 per sq.ft (2024)
• Balan Nagar(52): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Barani Street-Devanga 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 to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Barani Street-Devanga Nagar?

The Sub Registrar Office that covers Barani Street-Devanga Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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 reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the registration fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Barani Street-Devanga Nagar?

The current guideline value of Barani Street-Devanga 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 1,000 per sq.ft in 2024, with a significant increase of 87% from 2017 to 2023.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the current value for Barani Street-Devanga Nagar.

What are the stamp duty and registration fees for property in Barani Street-Devanga Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which office handles property registration for Barani Street-Devanga Nagar?

The Vadavalli Sub Registrar Office handles property registration for Barani Street-Devanga Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.