Guideline Value for Bavani Street - Gandhi Nagar

Bavani Street - Gandhi Nagar guideline value

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

How the guideline value of Bavani Street - Gandhi Nagar has changed

The guideline value for Bavani Street - Gandhi Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds the same value at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 87%. Overall, from 2012 to 2024, the guideline value has risen by 25%, reflecting the current value of Rs 1,000 per sq.ft.

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 being Rs 1,000 per sq.ft. Bavani Street - Gandhi Nagar's 2024 guideline value is equal to this median.

• Bavani Street: Rs 1,015 per sq.ft (2024)
• Barani Street-Devanga Nagar: Rs 1,000 per sq.ft (2024)
• Barani Street: Rs 1,000 per sq.ft (2024)
• Banulakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Bharathiar Street: Rs 1,015 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bavani Street - Gandhi 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, making the total cost for these fees Rs 90,000. 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 details.

Which Sub Registrar Office covers Bavani Street - Gandhi Nagar?

The Sub Registrar Office that covers Bavani Street - Gandhi Nagar is 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 Kavundampalayam

The guideline value is an essential factor used during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bavani Street - Gandhi Nagar?

The current guideline value of Bavani Street - Gandhi 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 536 per sq.ft in 2017, then to Rs 1,000 per sq.ft in both 2023 and 2024. The overall change from 2012 to 2024 is an increase of 25%.

What is the registration office for Bavani Street - Gandhi Nagar?

The registration office for Bavani Street - Gandhi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Bavani Street - Gandhi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.

What are the other streets in Kavundampalayam with guideline values?

In addition to Bavani Street - Gandhi Nagar, other streets in Kavundampalayam include Barani Street-Devanga Nagar, Barani Street, Banulakshmi Nagar, Bharathiar Street, and Bharathi Nagar, with various guideline values ranging from Rs 1,000 to Rs 1,320 per sq.ft.