Guideline Value for BAZZAR STREET

Bazzar Street guideline value

The current guideline value of Bazzar Street in Singanallur village, under the Singanallur SRO, is Rs 1,680 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Bazzar Street has changed

The guideline value for Bazzar Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,500 per sq.ft, and it increased by 12% to Rs 1,680 per sq.ft in the 2024 revision.

From 2023 to 2024, the increase was significant, reflecting a rise in the guideline value per sq.ft. The latest figure of Rs 1,680 per sq.ft is now above the median value of Rs 1,120 per sq.ft for the 313 streets in Singanallur under the Singanallur SRO.

Guideline values in Singanallur

In Singanallur, the guideline values range from Rs 1,000 to Rs 3,360 per sq.ft as of 2024, with a median of Rs 1,120 per sq.ft. Bazzar Street's current guideline value is above this median.

• Beema Street 1,2: Rs 1,680 per sq.ft (2024)
• Bethel Nagar(SIHS colony): Rs 1,002 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bharathi Nagar 1, 2, 3: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Aerodrome Rd): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bazzar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value would be Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total to Rs 1,51,200. It is important to note that the 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Bazzar Street?

The Sub Registrar Office that covers Bazzar Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Singanallur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the established value of the property.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the overall financial obligations associated with the transaction. Accurate knowledge of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bazzar Street?

The current guideline value of Bazzar Street is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bazzar Street was Rs 1,500 per sq.ft in 2023, which increased by 12% to Rs 1,680 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Singanallur?

The median guideline value in Singanallur is Rs 1,120 per sq.ft as of 2024. Bazzar Street's guideline value is above this median.

What are the stamp duty and registration fees for properties in Bazzar Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,680 per sq.ft, the total guideline value is Rs 16,80,000. The stamp duty would be Rs 1,17,600, and the registration fee would be Rs 33,600, totaling Rs 1,51,200.

Where is the Sub Registrar Office for Bazzar Street located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office handles the registration of properties in Bazzar Street.