Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village under the Kinathukkadavu SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. The earliest recorded value was Rs 250 per sq.ft in 2012, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value increased significantly to Rs 250 per sq.ft in 2023, and most recently, it has risen to Rs 280 per sq.ft in the 2024 revision.

The changes between these revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. The latest revision from 2023 to 2024 reflects a growth of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO with a guideline value for 2024 ranging from Rs 225 to Rs 680 per sq.ft. The median value is Rs 280 per sq.ft, which places Bajanai Koil Street's 2024 guideline value at the median level.

• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)
• Athayi Chettiar Street: Rs 280 per sq.ft (2024)
• Bharathiyar Nagar: Rs 280 per sq.ft (2024)
• Bhathirakaliamman Kovil Street: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, while the registration fee at 2% would be Rs 5,600, bringing the total to Rs 25,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street falls under the jurisdiction of the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is often considered alongside the sale price. The higher of the two values is used to calculate applicable duties, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I under the Kinathukkadavu SRO.

What is the registration office for Bajanai Koil Street?

The registration office covering Bajanai Koil Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is stamp duty calculated for properties in Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at a guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000, leading to a stamp duty of Rs 19,600.