Guideline Value for BAJANAI KOVIL STREET

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Vadugapalayam village, under the Palladam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bajanai Kovil Street has changed

The guideline value for Bajanai Kovil Street has undergone several revisions over the years. In 2012, the value was Rs 350 per sq.ft, which decreased to Rs 234 per sq.ft in 2017. Following this, the value increased significantly to Rs 350 per sq.ft in 2023, and then further rose to Rs 380 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 50%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vadugapalayam

In Vadugapalayam, there are 27 streets under the Palladam SRO that have a 2024 guideline value ranging from Rs 301 to Rs 840 per sq.ft. The median guideline value in the village is Rs 500 per sq.ft, which means Bajanai Kovil Street's 2024 value is below this median.

• Ayyan Anga Muthu Nager: Rs 780 per sq.ft (2024)
• Bharathiyar Street: Rs 500 per sq.ft (2024)
• Arijana Colony: Rs 301 per sq.ft (2024)
• Anadha Poyan Street: Rs 500 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Chinniyagounder Street: Rs 500 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 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total cost for these fees to Rs 34,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street falls under the jurisdiction of the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadugapalayam. It is used to determine the stamp duty and registration fees that need to be paid by the buyer during the registration of the property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in assessing the fair value of the property for tax purposes. Buyers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the median guideline value in Vadugapalayam?

The median guideline value in Vadugapalayam is Rs 500 per sq.ft, while Bajanai Kovil Street's 2024 value is below this median.

Which office handles the registration for Bajanai Kovil Street?

The Palladam Sub Registrar Office handles the registration for Bajanai Kovil Street, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 380 per sq.ft would incur a total fee of Rs 34,200.