Guideline Value for Bus Stand Road

Bus Stand Road guideline value

The current guideline value of Bus Stand Road in Bhavani village, under the Bhavani SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Bus Stand Road has changed

In the 2007 revision, the guideline value was Rs 205 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 290% rise. In the 2017 revision, the value was set at Rs 536 per sq.ft, which was a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 800 per sq.ft, with no change from the 2012 figure.

The latest 2024 revision also holds the guideline value at Rs 800 per sq.ft, reflecting a 0% change from 2023. Overall, from the 2007 to the 2024 revision, the guideline value has increased by 290%.

Guideline values in Bhavani

In Bhavani, there are 55 streets under the Bhavani SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,445 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Bus Stand Road's 2024 figure above that median.

• Cauvery Street: Rs 600 per sq.ft (2024)
• Devapuram: Rs 1,445 per sq.ft (2024)
• Devaraj Lane: Rs 700 per sq.ft (2024)
• East Kannara Street: Rs 1,445 per sq.ft (2024)
• Bajanai Kovil Street: Rs 400 per sq.ft (2024)
• Andhiyur Road (Thiruvalluvar Nagar): Rs 1,445 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand Road

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 Bus Stand Road?

The Sub Registrar Office that covers Bus Stand Road is the Bhavani Sub Registrar Office, located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Bhavani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the prevailing market conditions.

Frequently asked questions

What is the current guideline value of Bus Stand Road?

The current guideline value of Bus Stand Road is Rs 800 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 by 290% from Rs 205 per sq.ft to Rs 800 per sq.ft in 2024. The value has seen various changes across different revisions, with the most recent figures remaining stable since 2012.

What is the land classification for Bus Stand Road?

The land classification for Bus Stand Road is Residential Special Type - I. This classification can influence the types of developments permitted in the area.

What other streets have guideline values in Bhavani?

There are several other streets in Bhavani with varying guideline values. For example, Devapuram has a guideline value of Rs 1,445 per sq.ft, while Bajanai Kovil Street has a value of Rs 400 per sq.ft.

Where can I find the Sub Registrar Office for Bus Stand Road?

The Sub Registrar Office for Bus Stand Road is located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. You can also find your SRO online.