Guideline Value for BAGAVATHI AMMAN KOIL street

BAGAVATHI AMMAN KOIL street guideline value

The current guideline value of BAGAVATHI AMMAN KOIL street is Rs 701 per sq.ft, effective from 1 July 2024. This street is located in Ward - F village under the Tiruppur Joint II SRO, classified as Residential Class IV Type - II.

How the guideline value of BAGAVATHI AMMAN KOIL street has changed

The guideline value for BAGAVATHI AMMAN KOIL street has undergone several revisions over the years. The 2007 revision set the value at Rs 155 per sq.ft, which increased to Rs 300 per sq.ft in 2012, marking a 94% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 201 per sq.ft. The subsequent revision in 2023 raised the value significantly to Rs 700 per sq.ft, reflecting a 248% increase from the 2017 figure. The latest revision in 2024 shows a slight increase to Rs 701 per sq.ft, with no percentage change from the previous year.

It is important to note that the register has no figures for BAGAVATHI AMMAN KOIL street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 352%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median value for this ward is Rs 706 per sq.ft, placing BAGAVATHI AMMAN KOIL street's 2024 figure below that median.

• Bagavan Nagar: Rs 703 per sq.ft (2024)
• Bagavathi Nagar: Rs 704 per sq.ft (2024)
• A.S Pandit Nagar East: Rs 705 per sq.ft (2024)
• A.S Pandit Nagar: Rs 705 per sq.ft (2024)
• Andikkadu (Karumarampalayam): Rs 705 per sq.ft (2024)
• Anaikadu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in BAGAVATHI AMMAN KOIL street

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, while the registration fee at 2% would be Rs 14,020, bringing the total cost for these fees to Rs 63,090. It is essential 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 further calculations.

Which Sub Registrar Office covers BAGAVATHI AMMAN KOIL street?

The Sub Registrar Office covering BAGAVATHI AMMAN KOIL street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the actual value of the transaction, thereby maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of BAGAVATHI AMMAN KOIL street?

The current guideline value of BAGAVATHI AMMAN KOIL street is Rs 701 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 155 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, representing an overall increase of 352% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property measuring 1,000 sq.ft, the stamp duty would be Rs 49,070 and the registration fee would be Rs 14,020, totaling Rs 63,090 based on the current guideline value.

Which Sub Registrar Office is responsible for BAGAVATHI AMMAN KOIL street?

The Tiruppur Joint II Sub Registrar Office is responsible for BAGAVATHI AMMAN KOIL street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for BAGAVATHI AMMAN KOIL street?

BAGAVATHI AMMAN KOIL street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.