Guideline Value for Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22)

Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22) guideline value

The current guideline value for Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ariyappampalayam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22) has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, reflecting a rise of 49%. The 2024 revision has kept the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Ariyappampalayam

Ariyappampalayam village has 37 streets under the Sathyamangalam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 375 per sq.ft, placing Bhavani River Street's 2024 figure below that median.

• Anna Street (4): Rs 200 per sq.ft (2024)
• Anna Street (233/1, 233/2, 233/3): Rs 200 per sq.ft (2024)
• Aathi Thirvadar Street (215/2): Rs 200 per sq.ft (2024)
• Eswar Street (217/4): Rs 200 per sq.ft (2024)
• Gandhi Street Kamatchi Amman Kovil Street(127/1): Rs 300 per sq.ft (2024)
• Kaliyaerase Street (215/2): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22)?

The Sub Registrar Office that covers Bhavani River Street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ariyappampalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Bhavani River Street?

The current guideline value of Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being a rise from Rs 200 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, showing no change. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Bhavani River Street?

The land classification for Bhavani River Street is Residential Class I Type - III, indicating its suitability for residential purposes.

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

The Sathyamangalam Sub Registrar Office covers Bhavani River Street and is located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.

How is stamp duty calculated for properties in Bhavani River Street?

Stamp duty for properties in Bhavani River Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 14,000.