Guideline Value for BAGANAI KOVIL STREET

Baganai Kovil Street guideline value

The current guideline value of Baganai Kovil Street is Rs 200 per sq.ft, effective from the 2024 revision. This street is located in Dhali village under the Udumalpettai SRO and is classified as Commercial Class I Type - I.

How the guideline value of Baganai Kovil Street has changed

Over the years, the guideline value for Baganai Kovil Street has seen significant changes. The earliest recorded revision is from 2007, where the value was Rs 35 per sq.ft. This increased to Rs 80 per sq.ft in 2012, marking a 129% rise. The 2017 revision saw another increase to Rs 100 per sq.ft, which was a 25% change from the previous figure. The value remained at Rs 100 per sq.ft until the 2023 revision, which also recorded Rs 200 per sq.ft, reflecting a 100% increase from 2017. The current revision in 2024 maintains this value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for Baganai Kovil Street. Overall, from 2007 to 2024, the guideline value has increased by 471%.

Guideline values in Dhali

In Dhali village, there are 36 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Baganai Kovil Street's 2024 figure is equal to this median.

• Arumugam Salai: Rs 200 per sq.ft (2024)
• Aranmanai Street: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Anaimalai Road: Rs 200 per sq.ft (2024)
• Ambhedkar Street: Rs 200 per sq.ft (2024)
• Alaghar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Baganai Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baganai Kovil Street?

The Sub Registrar Office that covers Baganai Kovil Street is the Udumalpettai Sub Registrar Office. The address is Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Dhali. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Baganai Kovil Street?

The current guideline value of Baganai Kovil Street is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 35 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 471% over the years.

Where can I find the Sub Registrar Office for Baganai Kovil Street?

The Sub Registrar Office for Baganai Kovil Street is located at Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

What are the other streets in Dhali with the same guideline value?

Other streets in Dhali that share the same guideline value of Rs 200 per sq.ft include Arumugam Salai, Aranmanai Street, Anna Street, Anaimalai Road, Ambhedkar Street, and Alaghar Street.