Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Othakkalmandapam village, under the Kinathukkadavu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and further rose to the current value of Rs 340 per sq.ft in 2024, marking a 13% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO with a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Bajanai Koil Street's current value of Rs 340 per sq.ft is below this median.

• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)
• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)
• Arijana Colony: Rs 560 per sq.ft (2024)
• Annamar Koil Street: Rs 340 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 340 per sq.ft, the total guideline value is Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, totaling Rs 30,600. Please 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 Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is 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 information.

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

The guideline value is an essential factor during property transactions in Othakkalmandapam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and now to Rs 340 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Bajanai Koil Street?

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