Guideline Value for Barani Street

Barani Street guideline value

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

How the guideline value of Barani Street has changed

Barani Street's guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 87%. Overall, the guideline value has risen by 25% from the 2012 revision to the current 2024 figure.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with the median value being Rs 1,000 per sq.ft. Barani Street's 2024 guideline value aligns with this median.

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

Stamp duty and registration fee for property in Barani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barani Street?

The Sub Registrar Office that covers Barani Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, 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 Kavundampalayam

The guideline value is a crucial factor during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the proper documentation and compliance with local regulations. Buyers and sellers should be aware of the current guideline values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Barani Street?

The current guideline value of Barani Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Barani Street has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft, unchanged from 2023. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the land classification for Barani Street?

Barani Street is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone.

How is stamp duty calculated for properties on Barani Street?

Stamp duty for properties on Barani Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft would incur a stamp duty of Rs 70,000.