Guideline Value for BAJANAIKOILSTREET

Bajanaikoilstreet guideline value

The current guideline value of Bajanaikoilstreet is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bajanaikoilstreet has changed

The guideline value for Bajanaikoilstreet has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,010 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 99%, while from 2012 to 2017, it decreased by 33%. The jump from 2007 to 2012 was a remarkable 200%. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bajanaikoilstreet's 2024 figure below that median.

• Bagathsingh Street: Rs 1,400 per sq.ft (2024)
• Balaji Layout: Rs 1,010 per sq.ft (2024)
• Balaji Nagar (Srinivasapuram): Rs 1,400 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,120 per sq.ft (2024)
• Balan Nagar,Ganapathi Pudur Veethi No-8: Rs 1,010 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanaikoilstreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total charges Rs 90,900. It is important to note that 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 more details.

Which Sub Registrar Office covers Bajanaikoilstreet?

Bajanaikoilstreet falls under the jurisdiction of the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Ganapathy. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanaikoilstreet?

The current guideline value of Bajanaikoilstreet is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 304% over the years.

What is the land classification for Bajanaikoilstreet?

Bajanaikoilstreet is classified as Residential Class I Type - III, indicating its designation for residential use.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for properties in Bajanaikoilstreet?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property valued at Rs 10,10,000 would incur a stamp duty of Rs 70,700 at 7%.