Guideline Value for Brindhavan Nagar(126)

Brindhavan Nagar(126) guideline value

The current guideline value of Brindhavan Nagar(126) is Rs 1,020 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class V Type - I.

How the guideline value of Brindhavan Nagar(126) has changed

The guideline value of Brindhavan Nagar(126) has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased by 33% to Rs 335 per sq.ft in 2017. The value rose dramatically by 199% to Rs 1,000 per sq.ft in 2023, and further increased by 2% to the current rate of Rs 1,020 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 410%. The substantial changes in the guideline value reflect the evolving nature of the area and its classification as a residential zone.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making Brindhavan Nagar(126) above that median.

• Brindavan Nagar: Rs 1,325 per sq.ft (2024)
• Cheran Nagar: Rs 1,325 per sq.ft (2024)
• Cheran Nagar A,B,C Extension: Rs 1,000 per sq.ft (2024)
• Cheran Nagar Backside: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 1st Street: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 2nd Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Nagar(126)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. Stamp 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 Brindhavan Nagar(126)?

The Sub Registrar Office that covers Brindhavan Nagar(126) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value is considered to ensure that the transaction is compliant with local regulations. This helps in maintaining transparency and fairness in property dealings, as the guideline value is set by the government and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar(126)?

The current guideline value of Brindhavan Nagar(126) is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, marking a total increase of 410% over the years.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, with Brindhavan Nagar(126) being above this median at Rs 1,020 per sq.ft.

What are the registration fees for property in Brindhavan Nagar(126)?

The registration fees for property in Brindhavan Nagar(126) include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Brindhavan Nagar(126)?

The Sub Registrar Office for Brindhavan Nagar(126) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, under the Vadavalli registration zone.