Guideline Value for Cauvery Street

Cauvery Street guideline value

The current guideline value of Cauvery Street in Bhavani village, under the Bhavani SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Cauvery Street has changed

The guideline value for Cauvery Street has seen several revisions over the years. In 2007, the value was Rs 205 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 193%. However, it then decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The value remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value rose by 49%, bringing it back to Rs 600 per sq.ft. Overall, from 2007 to 2024, the increase in value has been 193%, reflecting a significant change over the years.

Guideline values in Bhavani

In Bhavani, there are 55 streets under the Bhavani SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 1,445 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Cauvery Street.

• Bus Stand Road: Rs 800 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 Cauvery Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Cauvery Street?

The Sub Registrar Office that covers Cauvery Street is the Bhavani Sub Registrar Office, located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Bhavani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cauvery Street?

The current guideline value of Cauvery Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 205 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Bhavani?

The median guideline value in Bhavani is Rs 600 per sq.ft, which is the same as the current value for Cauvery Street.

Where is the Bhavani Sub Registrar Office located?

The Bhavani Sub Registrar Office is located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone.

How is stamp duty calculated for properties in Cauvery Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.