Guideline Value for BAGATHSINGH STREET

Bagathsingh Street guideline value

The current guideline value of Bagathsingh Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village under the Ganapathy SRO and is classified as Residential Class I Type - I.

How the guideline value of Bagathsingh Street has changed

The guideline value for Bagathsingh Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,250 per sq.ft. This was followed by a decrease to Rs 837 per sq.ft in 2017. In 2023, the value increased to Rs 1,250 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 12% increase. Overall, from 2012 to 2024, the guideline value has risen by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bagathsingh Street's 2024 guideline value is above this median.

• Bajanaikoilstreet: Rs 1,010 per sq.ft (2024)
• Balaji Layout: Rs 1,010 per sq.ft (2024)
• Balaji Nagar (Srinivasapuram): Rs 1,400 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,120 per sq.ft (2024)
• Balan Nagar,Ganapathi Pudur Veethi No-8: Rs 1,010 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bagathsingh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for these fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bagathsingh Street?

Bagathsingh Street is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is an essential component in the registration process of property transactions in Ganapathy. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized value rather than the sale price alone.

When buying or selling property, it is crucial to be aware of the current guideline value, as it directly influences the overall cost of the transaction. Buyers should ensure that they account for these fees in their budget when planning a purchase.

Frequently asked questions

What is the current guideline value of Bagathsingh Street?

The current guideline value of Bagathsingh Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification of Bagathsingh Street?

Bagathsingh Street is classified as Residential Class I Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.