Guideline Value for BHAJANAI KOVIL LANE

Bhajanai Kovil Lane guideline value

The current guideline value of Bhajanai Kovil Lane is Rs 475 per sq.ft, effective from 1 July 2024. This lane is located in Ward - C village under the Udumalpettai SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Bhajanai Kovil Lane has changed

In the 2012 revision, the guideline value was 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, reflecting a rise of 49%. The most recent revision in 2024 brought the guideline value up to Rs 475 per sq.ft, which is an increase of 12% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Bhajanai Kovil Lane. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%.

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 guideline value for these streets is Rs 475 per sq.ft, which is equal to the current figure for Bhajanai Kovil Lane.

• Bazeer Ahamad Colony& Layout: Rs 660 per sq.ft (2024)
• Bathrakaliamman 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 Bhajanai Kovil 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 fees together to Rs 42,750. 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 further calculations.

Which Sub Registrar Office covers Bhajanai Kovil Lane?

The Sub Registrar Office that covers Bhajanai Kovil 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 an important factor when registering property transactions in Ward - C. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the buying or selling process.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bhajanai Kovil Lane?

The current guideline value of Bhajanai Kovil 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 fluctuated over the years, with the 2012 revision at Rs 425 per sq.ft, decreasing to Rs 285 per sq.ft in 2017. It then increased to Rs 426 per sq.ft in 2023 and finally to Rs 475 per sq.ft in 2024.

What are the other streets in Ward - C?

Other streets in Ward - C include Bazeer Ahamad Colony& Layout, Bathrakaliamman Lane, Big Bazaar Street, Avvayar Lane, Arulmozhi Lane, and Appukutti Lane, with varying guideline values.

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

For a 1,000 sq.ft property at the guideline value of 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 should I contact for property registration in Bhajanai Kovil Lane?

The Udumalpettai Sub Registrar Office is responsible for property registration in Bhajanai Kovil Lane. The office is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.