Guideline Value for Bhavani River Road

Bhavani River Road guideline value

The current guideline value of Bhavani River Road is Rs 350 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Bhavani River Road has changed

The guideline value for Bhavani River Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 85 per sq.ft. This increased to Rs 96 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 255 per sq.ft in 2007, which was a 166% increase. In 2012, the value remained at Rs 350 per sq.ft, showing no change from the previous revision.

From 2012 to 2017, the value decreased to Rs 234 per sq.ft, reflecting a 33% drop. The next revision in 2023 maintained the value at Rs 350 per sq.ft. Finally, the 2024 revision also set the value at Rs 350 per sq.ft, indicating no change from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Mettupalayam

Mettupalayam village has a total of 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing the 2024 guideline value of Bhavani River Road below this median.

• Bharathi Nagar (Huts): Rs 350 per sq.ft (2024)
• Bharath Bavanam Road: Rs 600 per sq.ft (2024)
• Barbar Street: Rs 600 per sq.ft (2024)
• Bangalow Medu Harijan Colony Ambathkar Qrts: Rs 350 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,500 per sq.ft (2024)
• Booshthi Odai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani River Road

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, resulting in Rs 24,500, while the registration fee at 2% amounts to Rs 7,000. Therefore, the total cost for these fees is Rs 31,500. 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 information.

Which Sub Registrar Office covers Bhavani River Road?

The Sub Registrar Office that covers Bhavani River Road is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Mettupalayam. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is officially recorded and that the appropriate taxes are paid. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bhavani River Road?

The current guideline value of Bhavani River Road is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2002 to Rs 350 per sq.ft in 2024, showing an overall increase of 312% over the years.

What is the median guideline value for streets in Mettupalayam?

The median guideline value for streets in Mettupalayam is Rs 700 per sq.ft, which is higher than the current value of Bhavani River Road.

What are the stamp duty and registration fees for property in Bhavani River Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 31,500.

Where can I find the Sub Registrar Office for Bhavani River Road?

The Sub Registrar Office covering Bhavani River Road is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.