Guideline Value for Bpmmanpatti Kamachiamman Kovil Street

Bpmmanpatti Kamachiamman Kovil Street guideline value

The current guideline value of Bpmmanpatti Kamachiamman Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bpmmanpatti Kamachiamman Kovil Street has changed

The guideline value for Bpmmanpatti Kamachiamman Kovil Street has seen several revisions over the years. The 2007 revision set the value at Rs 96 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft. The 2023 revision saw the value return to Rs 400 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision is an increase of 317%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The guideline value of Bpmmanpatti Kamachiamman Kovil Street is below this median.

• Boomandigoundanur Main Road: Rs 400 per sq.ft (2024)
• Bommanpatti Road No 2: Rs 600 per sq.ft (2024)
• Bommanpatti Road No 1: Rs 600 per sq.ft (2024)
• Bommanpatti Ramasamy Street: Rs 400 per sq.ft (2024)
• Bommanpatti - Muthukumarasamy Kovil Street: Rs 400 per sq.ft (2024)
• Bommanpatti Gandhi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bpmmanpatti Kamachiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that 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 Bpmmanpatti Kamachiamman Kovil Street?

The Sub Registrar Office that covers Bpmmanpatti Kamachiamman Kovil Street 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 serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bpmmanpatti Kamachiamman Kovil Street?

The current guideline value of Bpmmanpatti Kamachiamman Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 96 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023 and 2024.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Bpmmanpatti Kamachiamman Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Kavundapadi Sub Registrar Office?

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

What is the land classification for Bpmmanpatti Kamachiamman Kovil Street?

Bpmmanpatti Kamachiamman Kovil Street is classified as Residential Class I Type - III.