Guideline Value for BAZEER AHAMAD COLONY& LAYOUT

Bazeer Ahamad Colony& Layout guideline value

The current guideline value of Bazeer Ahamad Colony& Layout is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Udumalpettai SRO in Coimbatore zone and is classified as Residential Class IV Type - I.

How the guideline value of Bazeer Ahamad Colony& Layout has changed

The guideline value for Bazeer Ahamad Colony& Layout has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 600 per sq.ft in 2023, and finally, it rose to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the most notable change was from 2017 to 2023, where the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value is Rs 475 per sq.ft, placing Bazeer Ahamad Colony& Layout's 2024 figure above this median.

• Bathrakaliamman Lane: Rs 475 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 Bazeer Ahamad Colony& Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bazeer Ahamad Colony& Layout?

The Bazeer Ahamad Colony& Layout falls under the Udumalpettai Sub Registrar Office. The address is Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-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 plays a crucial role when buying or selling property in Ward - C. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is referenced to assess the appropriate fees. It is essential to understand that these values are periodically revised to reflect changes in the real estate market, ensuring that they remain relevant and accurate.

Frequently asked questions

What is the current guideline value of Bazeer Ahamad Colony& Layout?

The current guideline value of Bazeer Ahamad Colony& Layout is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Bazeer Ahamad Colony& Layout?

Bazeer Ahamad Colony& Layout is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 59,400.

Where can I find the Sub Registrar Office for Bazeer Ahamad Colony& Layout?

The Sub Registrar Office for Bazeer Ahamad Colony& Layout is located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.