Guideline Value for Bavani Street

Bavani Street guideline value

The current guideline value of Bavani Street in Kavundampalayam village is Rs 1,015 per sq.ft, effective from 1 July 2024. This street falls under the Vadavalli SRO and is classified as Residential Class I Type - III.

How the guideline value of Bavani Street has changed

The guideline value for Bavani Street has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,015 per sq.ft, marking a 2% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by a remarkable increase of 113% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 45%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 a median value of Rs 1,000 per sq.ft. Bavani Street's current value of Rs 1,015 per sq.ft is above this median.

• Bavani Street - Gandhi Nagar: Rs 1,000 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,015 per sq.ft, the total guideline value amounts to Rs 10,15,000. The stamp duty at 7% would be Rs 71,050, and the registration fee at 2% would be Rs 20,300, bringing the total fees to Rs 91,350. It is important to 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?

The Sub Registrar Office that covers Bavani Street 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 a crucial factor when registering property transactions in Kavundampalayam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations for their property’s worth.

Frequently asked questions

What is the current guideline value of Bavani Street?

The current guideline value of Bavani Street is Rs 1,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,015 per sq.ft in 2024.

What is the land classification of Bavani Street?

Bavani Street is classified as Residential Class I Type - III.

Where can I find the registration office for Bavani Street?

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

How is the stamp duty calculated for properties in Bavani Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,015 per sq.ft, the stamp duty would be Rs 71,050.