Guideline Value for BAAVANI SANKARAN STREET

Baavani Sankaran Street guideline value

The current guideline value of Baavani Sankaran Street is Rs 675 per sq.ft, effective from 1 July 2024. This street is located in Ward 1 village under the Pollachi SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Baavani Sankaran Street has changed

The guideline value for Baavani Sankaran Street has seen several revisions over the years. In 2012, the guideline value was Rs 675 per sq.ft, which then dropped to Rs 452 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 675 per sq.ft. The most recent revision in 2024 maintained this value with no change from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Baavani Sankaran Street. Overall, comparing the 2012 figure to the 2024 figure shows no change, as both are Rs 675 per sq.ft.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 541 per sq.ft, placing Baavani Sankaran Street above this median at Rs 675 per sq.ft.

• Balagobalapuram Street (Block 2,3): Rs 750 per sq.ft (2024)
• Bioyoscope Street: Rs 826 per sq.ft (2024)
• A.P.S.Nagar: Rs 750 per sq.ft (2024)
• Anna Colony: Rs 675 per sq.ft (2024)
• Anna Avenu: Rs 420 per sq.ft (2024)
• Anandham Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Baavani Sankaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would amount to Rs 47,250, and the registration fee at 2% would be Rs 13,500, making the total charges Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Baavani Sankaran Street?

The Sub Registrar Office that covers Baavani Sankaran Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 1

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Baavani Sankaran Street?

The current guideline value of Baavani Sankaran Street is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 675 per sq.ft from 2012 to 2024, with a drop to Rs 452 per sq.ft in 2017 and a subsequent rise back to Rs 675 per sq.ft by 2023.

What is the stamp duty rate for property in Baavani Sankaran Street?

The stamp duty rate for property in Baavani Sankaran Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Baavani Sankaran Street located?

The Sub Registrar Office for Baavani Sankaran Street is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What is the land classification for Baavani Sankaran Street?

Baavani Sankaran Street is classified as Residential Class IV Type - I according to the land classification guidelines.