Guideline Value for BAJANAI KOIL VEETHI

Bajanai Koil Veethi guideline value

The current guideline value of Bajanai Koil Veethi is Rs 1,090 per sq.ft, effective from 1 July 2024. This street is located in Chinnavedampatty, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Veethi has changed

The guideline value for Bajanai Koil Veethi has undergone several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 499%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,090 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 336%.

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, with a median value of Rs 1,095 per sq.ft. The guideline value for Bajanai Koil Veethi is below this median.

• Bagiyam Layout: Rs 1,095 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 Bajanai Koil Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,090 per sq.ft, the total guideline value would be Rs 10,90,000. The stamp duty at 7% would amount to Rs 76,300, and the registration fee at 2% would be Rs 21,800, making the total cost for these fees Rs 98,100. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Veethi?

The Sub Registrar Office that covers Bajanai Koil Veethi is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Chinnavedampatty. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Veethi?

The current guideline value of Bajanai Koil Veethi is Rs 1,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 showing an increase from Rs 1,000 per sq.ft in 2023 to Rs 1,090 per sq.ft. Overall, from 2012 to 2024, the value has increased by 336%.

What is the stamp duty rate for property in Bajanai Koil Veethi?

The stamp duty rate for property transactions in Bajanai Koil Veethi is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bajanai Koil Veethi?

The Sub Registrar Office covering Bajanai Koil Veethi is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification of Bajanai Koil Veethi?

Bajanai Koil Veethi is classified as Residential Class II Type - I, indicating its suitability for residential development.