Guideline Value for BIG BAZZAR STREET

Big Bazzar Street guideline value

The current guideline value of Big Bazzar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Odaiyakulam village under the Anaimalai SRO, classified as Residential Class I Type - II.

How the guideline value of Big Bazzar Street has changed

The guideline value of Big Bazzar Street has undergone several revisions over the years. In 2007, the value was Rs 45 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, there was a decrease to Rs 67 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value surged to Rs 200 per sq.ft, representing a 199% increase. The guideline value remained unchanged at Rs 200 per sq.ft in the 2023 and 2024 revisions.

There are no figures available for the revisions in 2002 and 2003 for Big Bazzar Street. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Odaiyakulam

In Odaiyakulam, there are 72 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 448 per sq.ft, with the median being Rs 200 per sq.ft. Big Bazzar Street's 2024 figure aligns with this median value.

• Boyar Street: Rs 250 per sq.ft (2024)
• Chella Masaniamman Nagar: Rs 250 per sq.ft (2024)
• Chellam Nagar: Rs 250 per sq.ft (2024)
• Arivoli Nagar: Rs 250 per sq.ft (2024)
• Aps Nagar: Rs 250 per sq.ft (2024)
• Ap Rathinam Layout: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazzar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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 details.

Which Sub Registrar Office covers Big Bazzar Street?

The Sub Registrar Office that covers Big Bazzar Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Odaiyakulam. It is used to calculate the stamp duty and registration fees when a property is sold or purchased, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps in determining the costs involved in the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Big Bazzar Street?

The current guideline value of Big Bazzar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 344%.

What is the stamp duty rate for properties in Big Bazzar Street?

The stamp duty rate for properties in Big Bazzar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Big Bazzar Street located?

The Sub Registrar Office for Big Bazzar Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

What are the other streets in Odaiyakulam and their guideline values?

Other streets in Odaiyakulam include Boyar Street, Chella Masaniamman Nagar, Chellam Nagar, Arivoli Nagar, Aps Nagar, and Ap Rathinam Layout, all with a guideline value of Rs 250 per sq.ft in 2024.