Guideline Value for BAGIYAM LAYOUT

Bagiyam Layout guideline value

The current guideline value of Bagiyam Layout is Rs 1,095 per sq.ft, effective from 1 July 2024. This area is located in Chinnavedampatty, under the Gandhipuram Sub Registrar Office (SRO). The land classification for this layout is Residential Class I Type - III.

How the guideline value of Bagiyam Layout has changed

The guideline value for Bagiyam Layout has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 400 per sq.ft. This figure increased to Rs 268 per sq.ft in 2017, marking a decrease of 33%. The value then saw a significant rise to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,095 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 174%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,095 per sq.ft, which is equal to the guideline value of Bagiyam Layout.

• Bajanai Koil Veethi: Rs 1,090 per sq.ft (2024)
• Azhagu Nagar: Rs 1,095 per sq.ft (2024)
• Balaji Nagar: Rs 1,105 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 per sq.ft (2024)
• Bharathi Veethi: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Bagiyam Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value would be Rs 10,95,000. The stamp duty at 7% would amount to Rs 76,650, while the registration fee at 2% would be Rs 21,900, bringing the total fees to Rs 98,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bagiyam Layout?

The Sub Registrar Office covering Bagiyam Layout is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Chinnavedampatty. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is regularly revised to reflect changes in the real estate market.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Bagiyam Layout?

The current guideline value for Bagiyam Layout is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2012 to Rs 1,095 per sq.ft in 2024, which is an overall increase of 174% over this period.

Where can I find the registration office for Bagiyam Layout?

The registration office for Bagiyam Layout is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone.

What are the stamp duty rates for properties in Bagiyam Layout?

The stamp duty for properties in Bagiyam Layout is charged at 7% of the guideline value or sale price, whichever is higher.

Are there other streets with similar guideline values in Chinnavedampatty?

Yes, several other streets in Chinnavedampatty have guideline values close to that of Bagiyam Layout, with values ranging from Rs 1,010 to Rs 2,000 per sq.ft.