Guideline Value for BAJANAI KOVIL St

BAJANAI KOVIL St guideline value

The current guideline value of BAJANAI KOVIL St is Rs 335 per sq.ft, effective from 1 July 2024. This street is located in Thondamuthur village, under the Thondamuthur SRO, and is classified as Residential Class I Type - II.

How the guideline value of BAJANAI KOVIL St has changed

The guideline value for BAJANAI KOVIL St has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 75 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, reflecting a growth of 300%. However, the value then decreased to Rs 201 per sq.ft in 2017, marking a decline of 33%. The most recent revision in 2023 set the value at Rs 300 per sq.ft, before it increased to Rs 335 per sq.ft in 2024, representing a rise of 12%.

There are no figures available for BAJANAI KOVIL St for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 347%.

Guideline values in Thondamuthur

In Thondamuthur, there are 51 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 670 per sq.ft. The median value for these streets is Rs 335 per sq.ft, which is equal to the current guideline value of BAJANAI KOVIL St.

• Ayyen Nagar: Rs 335 per sq.ft (2024)
• Barpar Colony: Rs 335 per sq.ft (2024)
• Attukkal Pakuthi: Rs 335 per sq.ft (2024)
• Bharathi Colony: Rs 335 per sq.ft (2024)
• Arijana Colony Vandikaranur: Rs 220 per sq.ft (2024)
• Arijana Colony Thoguppu Veedu: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in BAJANAI KOVIL St

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total cost for these fees to Rs 30,150. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers BAJANAI KOVIL St?

The Sub Registrar Office that covers BAJANAI KOVIL St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thondamuthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed and that the appropriate duties are collected.

Frequently asked questions

What is the current guideline value of BAJANAI KOVIL St?

The current guideline value of BAJANAI KOVIL St is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, reflecting an overall increase of 347% over the years.

What are the stamp duty rates for properties in BAJANAI KOVIL St?

The stamp duty rate for properties in BAJANAI KOVIL St is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for BAJANAI KOVIL St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

What is the land classification of BAJANAI KOVIL St?

BAJANAI KOVIL St is classified as Residential Class I Type - II, indicating its suitability for residential development.