Guideline Value for BAJANAI KOVIL STREET

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Periyanegamam village, under the Negamam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has undergone several revisions since 2002. In 2002, the value was Rs 28 per sq.ft, which increased to Rs 45 per sq.ft in 2007. The 2012 revision saw a rise to Rs 150 per sq.ft, followed by a decrease to Rs 100 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, which remains unchanged in the 2024 revision.

From 2002 to 2024, the overall change in guideline value is an increase of 614%. The revisions with no figure for this street are for the year 2003.

Guideline values in Periyanegamam

In Periyanegamam, there are 91 streets under the Negamam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with the median value being Rs 200 per sq.ft. Bajanai Kovil Street's 2024 guideline value aligns with this median.

• Ayyasamy Kovil Street: Rs 200 per sq.ft (2024)
• Ayie Gounder Street: Rs 200 per sq.ft (2024)
• Avanaiya Chettiar Lane: Rs 200 per sq.ft (2024)
• Arumugam Pillai Street: Rs 200 per sq.ft (2024)
• Arumugam Nagar: Rs 200 per sq.ft (2024)
• Arumugam Chettiar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street falls under the Negamam Sub Registrar Office located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Periyanegamam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value helps to establish a fair and consistent basis for the transaction, as it reflects the officially recognized value of the land in the area.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 28 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of 614% over the years.

Which Sub Registrar Office handles registrations for Bajanai Kovil Street?

The Negamam Sub Registrar Office handles registrations for Bajanai Kovil Street, located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 2,00,000, the total charges would be Rs 18,000.

What is the land classification for Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.