Guideline Value for BHATHIRAKALIAMMAN KOVIL STREET

Bhathirakaliamman Kovil Street guideline value

The current guideline value of Bhathirakaliamman Kovil Street is Rs 225 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village under the Kinathukkadavu SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Bhathirakaliamman Kovil Street has changed

The guideline value for Bhathirakaliamman Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 200 per sq.ft, and the latest revision in 2024 has raised it to Rs 225 per sq.ft, marking a 13% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 13% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft, with a median value of Rs 280 per sq.ft. Bhathirakaliamman Kovil Street's 2024 figure is below this median.

• Bhuvaneshwari Nagar: Rs 280 per sq.ft (2024)
• Bharathiyar Nagar: Rs 280 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Bhathirakaliamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 225 per sq.ft, the guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, and the registration fee at 2% would be Rs 4,500, together totaling Rs 20,250. 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 more precise calculations.

Which Sub Registrar Office covers Bhathirakaliamman Kovil Street?

The Sub Registrar Office covering Bhathirakaliamman Kovil Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Chettipalayam. It serves as a reference point for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is essential for maintaining transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Bhathirakaliamman Kovil Street?

The current guideline value of Bhathirakaliamman Kovil Street is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 225 per sq.ft in 2024.

What is the land classification for Bhathirakaliamman Kovil Street?

Bhathirakaliamman Kovil Street falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bhathirakaliamman Kovil Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for properties in Chettipalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 2,25,000, the stamp duty at 7% would be Rs 15,750.