Guideline Value for Bhavani Road (970/1to9, 573/1A,1B,2,3,4)

Bhavani Road (970/1to9, 573/1A,1B,2,3,4) guideline value

The current guideline value for Bhavani Road (970/1to9, 573/1A,1B,2,3,4) is Rs 1,200 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 - I.

How the guideline value of Bhavani Road (970/1to9, 573/1A,1B,2,3,4) has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 251 per sq.ft, which rose to Rs 1,200 per sq.ft in the 2012 revision. However, it then decreased to Rs 804 per sq.ft in 2017. The value remained at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall increase from the 2007 revision to the 2024 revision is 378%. The 2012 revision also saw a notable increase of 378% from the previous value in 2007.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. Bhavani Road's 2024 figure of Rs 1,200 per sq.ft is above this median.

• Bhavani Road (Market to Three Carner Road): Rs 1,200 per sq.ft (2024)
• Bhavani Road to Weekly Market: Rs 900 per sq.ft (2024)
• Bhavani Road Weekly Market to Perumpallam Odai: Rs 900 per sq.ft (2024)
• Bharathiyar Street: 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 (970/1to9, 573/1A,1B,2,3,4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Road (970/1to9, 573/1A,1B,2,3,4)?

The Sub Registrar Office that covers Bhavani Road 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 in the registration process when buying or selling property in Kavundapadi. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects the official value set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bhavani Road?

The current guideline value for Bhavani Road (970/1to9, 573/1A,1B,2,3,4) is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 251 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreasing to Rs 804 per sq.ft in 2017, and remaining at Rs 1,200 per sq.ft in both 2023 and 2024.

What is the land classification for Bhavani Road?

Bhavani Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would be Rs 1,08,000.

Where is the Sub Registrar Office for Bhavani Road located?

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