Guideline Value for Bhavani Main Road (242/12,244/1,2,302/4,5,282/11)

Bhavani Main Road (242/12,244/1,2,302/4,5,282/11) guideline value

The current guideline value of Bhavani Main Road (242/12,244/1,2,302/4,5,282/11) is Rs 426 per sq.ft, effective from 1 July 2024. This property is located in Salangapalayam village under the Kavundapadi SRO, classified as Residential Class I Type - I.

How the guideline value of Bhavani Main Road (242/12,244/1,2,302/4,5,282/11) has changed

The guideline value for Bhavani Main Road has seen several revisions over the years. In 2012, the value was Rs 425 per sq.ft, which slightly decreased to Rs 285 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 426 per sq.ft in 2023, which remained unchanged in the 2024 revision.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been no change, maintaining the current value at Rs 426 per sq.ft.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Bhavani Main Road's 2024 figure above this median.

• Bannari Ammal Kovil Street (244/1.2): Rs 226 per sq.ft (2024)
• Bandara kadu (587/1): Rs 200 per sq.ft (2024)
• Ayyan Valasu Colony (703/6,11,13): Rs 200 per sq.ft (2024)
• Ayyan Valasu (700/2): Rs 226 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Main Road (242/12,244/1,2,302/4,5,282/11)

For a 1,000 sq.ft plot at the current rate of Rs 426 per sq.ft, the guideline value would be Rs 4,26,000. The stamp duty at 7% would be Rs 29,820, and the registration fee at 2% would be Rs 8,520, totaling Rs 38,340. Please note that 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 Bhavani Main Road (242/12,244/1,2,302/4,5,282/11)?

The Sub Registrar Office covering Bhavani Main Road is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Salangapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling a property, the guideline value is used to determine the official value of the property, which can affect the overall costs involved in the transaction. It is essential for buyers and sellers to be aware of this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Bhavani Main Road?

The current guideline value of Bhavani Main Road (242/12,244/1,2,302/4,5,282/11) is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2012 to Rs 285 per sq.ft in 2017, then increased to Rs 426 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Bhavani Main Road?

Bhavani Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Bhavani Main Road?

The registration office for Bhavani Main Road is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a benchmark for determining the official value of the property being bought or sold.