Guideline Value for Bhavani Street

Bhavani Street guideline value

The current guideline value of Bhavani Street is Rs 1,120 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bhavani Street has changed

The guideline value for Bhavani Street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 150% increase. However, the value dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The following revision in 2023 raised the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 further increased it to Rs 1,120 per sq.ft, representing a 12% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. It is important to note that the register has no figures for Bhavani Street for the years 2002 and 2003.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, making Bhavani Street's 2024 figure equal to the median.

• Bharathi Street: Rs 1,100 per sq.ft (2024)
• Bharathi park Road Cross 7: Rs 2,240 per sq.ft (2024)
• Bharathi Park Road Cross 6: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 5: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 4: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 3: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Street

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bhavani Street?

The Sub Registrar Office that covers Bhavani Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers should be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bhavani Street?

The current guideline value of Bhavani Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 400 per sq.ft to Rs 1,120 per sq.ft in 2024, marking a total increase of 180% over the years.

What is the land classification of Bhavani Street?

Bhavani Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Bhavani Street located?

The Sub Registrar Office for Bhavani Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for property in Bhavani Street?

Stamp duty for property in Bhavani Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,00,800 in stamp duty and registration fees.