Guideline Value for Bhavani Road to Weekly Market (570/1to8,568/1to6)

Bhavani Road to Weekly Market (570/1to8,568/1to6) guideline value

The current guideline value for Bhavani Road to Weekly Market (570/1to8,568/1to6) is Rs 900 per sq.ft. 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 to Weekly Market (570/1to8,568/1to6) has changed

Over the years, the guideline value for Bhavani Road to Weekly Market has seen several revisions. The 2007 revision recorded a value of Rs 190 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. However, it then decreased to Rs 603 per sq.ft in 2017. The 2023 revision maintained the value at Rs 900 per sq.ft, which will continue into the 2024 revision, effective from 1 July 2024.

The changes between revisions show a 374% increase from the 2007 revision to the 2024 revision, while there was a 49% increase from 2017 to 2023. The value remained unchanged from 2023 to 2024, indicating stability in the guideline value during this period.

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, placing Bhavani Road to Weekly Market above this median.

• Bhavani Road Weekly Market to Perumpallam Odai (566/2to12): 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 to Weekly Market (570/1to8,568/1to6)

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. 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 Road to Weekly Market (570/1to8,568/1to6)?

The Sub Registrar Office that covers Bhavani Road to Weekly Market 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 crucial factor when registering property transactions in Kavundapadi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal and financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Bhavani Road to Weekly Market?

The current guideline value for Bhavani Road to Weekly Market (570/1to8,568/1to6) 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 multiple times, starting from Rs 190 per sq.ft in 2007, increasing to Rs 900 per sq.ft in 2012, then decreasing to Rs 603 per sq.ft in 2017, and finally stabilizing at Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for this property?

The land classification for Bhavani Road to Weekly Market (570/1to8,568/1to6) is Commercial Class I Type - II.

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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000.