Guideline Value for BATHRAKALIAMMAN KOIL STREET

Bathrakaliamman Koil Street guideline value

The current guideline value of Bathrakaliamman Koil Street is Rs 2,015 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Tiruppur Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Bathrakaliamman Koil Street has changed

The guideline value for Bathrakaliamman Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,510 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in the 2017 revision. The value rose significantly to Rs 1,800 per sq.ft in 2023 and has now increased to Rs 2,015 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 33%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value in this ward is Rs 1,120 per sq.ft, placing Bathrakaliamman Koil Street's 2024 figure above that median.

• Bathrakaliamman Koil 2nd Street: Rs 2,015 per sq.ft (2024)
• Bathrakaliamman Koil 1st Street: Rs 2,015 per sq.ft (2024)
• Bangalow Street North South Street: Rs 2,575 per sq.ft (2024)
• Bangalow Street 80 Feet: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Thenvadal Road: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Main Road: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Bathrakaliamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,015 per sq.ft, the guideline value is Rs 20,15,000. The stamp duty at 7% would be Rs 1,41,050, and the registration fee at 2% would be Rs 40,300, making the total Rs 1,81,350. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bathrakaliamman Koil Street?

The Sub Registrar Office that covers Bathrakaliamman Koil Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor during the registration of property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

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. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bathrakaliamman Koil Street?

The current guideline value of Bathrakaliamman Koil Street is Rs 2,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, increasing from Rs 1,510 per sq.ft in 2007 to Rs 2,015 per sq.ft in 2024. The most significant change occurred from 2017 to 2023, when it rose by 49%.

What is the land classification for Bathrakaliamman Koil Street?

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

Where can I find the Sub Registrar Office for Bathrakaliamman Koil Street?

The Sub Registrar Office for Bathrakaliamman Koil Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bathrakaliamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 20,15,000, the stamp duty would be calculated at 7% of that amount.