Guideline Value for BATHRAKALIAMMAN LANE

Bathrakaliamman Lane guideline value

The current guideline value of Bathrakaliamman Lane is Rs 475 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village under the Udumalpettai SRO, classified as Residential Class IV Type - II.

How the guideline value of Bathrakaliamman Lane has changed

In the 2012 revision, the guideline value was set at Rs 425 per sq.ft. This figure saw a decrease to Rs 285 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 426 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 475 per sq.ft, reflecting a change of 12% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Ward - C

Ward - C under the Udumalpettai SRO has a total of 106 streets with a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 475 per sq.ft, which is equal to the guideline value of Bathrakaliamman Lane.

• Bazeer Ahamad Colony& Layout: Rs 660 per sq.ft (2024)
• Bhajanai Kovil Lane: Rs 475 per sq.ft (2024)
• Big Bazaar Street: Rs 660 per sq.ft (2024)
• Avvayar Lane: Rs 1,800 per sq.ft (2024)
• Arulmozhi Lane: Rs 660 per sq.ft (2024)
• Appukutti Lane: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Bathrakaliamman Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 475 per sq.ft, the total guideline value would be Rs 4,75,000. The stamp duty at 7% would amount to Rs 33,250, and the registration fee at 2% would be Rs 9,500, bringing the total cost together to Rs 42,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bathrakaliamman Lane?

The Sub Registrar Office that covers Bathrakaliamman Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Ward - C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in the transaction.

Frequently asked questions

What is the current guideline value of Bathrakaliamman Lane?

The current guideline value of Bathrakaliamman Lane is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2012 to Rs 285 per sq.ft in 2017, then increased to Rs 426 per sq.ft in 2023, and finally to Rs 475 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Bathrakaliamman Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,75,000. The stamp duty would be Rs 33,250, and the registration fee would be Rs 9,500, totaling Rs 42,750.

Which office handles property registrations for Bathrakaliamman Lane?

The Udumalpettai Sub Registrar Office handles property registrations for Bathrakaliamman Lane, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that appropriate stamp duty and registration fees are paid. It provides a transparent basis for both buyers and sellers during property transactions.