Guideline Value for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12)

Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) guideline value

The current guideline value for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 190 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a 374% increase. However, the value dropped to Rs 603 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose again to Rs 900 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 374%. The register has no figures for the revisions in 2002 and 2003 for this street.

Guideline values in Kavundapadi

Kavundapadi village has a total of 137 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 600 per sq.ft, and the guideline value for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) is above this median.

• Bhavani Road to Weekly Market (570/1to8,568/1to6): Rs 900 per sq.ft (2024)
• Bhavani Road (Market to Three Carner Road) (970/1to8,968/1to6): Rs 1,200 per sq.ft (2024)
• Bhavani Road (970/1to9, 573/1A,1B,2,3,4): Rs 1,200 per sq.ft (2024)
• Bharathiyar Street (573/1A,1B,3,4,570/9,564/13): Rs 700 per sq.ft (2024)
• Barpar Thottam: Rs 600 per sq.ft (2024)
• Balaji Nagar: Rs 726 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Road Weekly Market to Perumpallam Odai (566/2to12)

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavani Road Weekly Market to Perumpallam Odai (566/2to12)?

The Sub Registrar Office covering Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kavundapadi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers and sellers should consult the guideline value register to ensure they are informed about the current values applicable to their properties.

Frequently asked questions

What is the current guideline value for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12)?

The current guideline value for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and remained at Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12)?

The land classification for Bhavani Road Weekly Market to Perumpallam Odai (566/2to12) is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Where is the Kavundapadi Sub Registrar Office located?

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