Guideline Value for Bagathsingh Road 1st Cross

Bagathsingh Road 1st Cross guideline value

The current guideline value of Bagathsingh Road 1st Cross is Rs 2,240 per sq.ft, effective from 1 July 2024. This street is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bagathsingh Road 1st Cross has changed

The guideline value for Bagathsingh Road 1st Cross has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017. The value then rose significantly to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,240 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The overall increase from 2007 to 2024 is 124%, reflecting the changes in property values over these years.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO, with 2024 guideline values ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median value is Rs 2,240 per sq.ft, which matches the guideline value of Bagathsingh Road 1st Cross.

• Bagathsingh Road: Rs 3,920 per sq.ft (2024)
• Balasundaram Lay-out: Rs 2,240 per sq.ft (2024)
• Aswath Nagar: Rs 2,240 per sq.ft (2024)
• Bharathiar Road (Womens Polytechnic to Gandipuram Signal): Rs 6,720 per sq.ft (2024)
• Arundhadhiyar Street (Haripuram): Rs 1,120 per sq.ft (2024)
• BHARATHIYAR ROAD 1st Cross (C.A.G.Hotel Near): Rs 3,920 per sq.ft (2024)

Stamp duty and registration fee for property in Bagathsingh Road 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. 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 accurate calculations.

Which Sub Registrar Office covers Bagathsingh Road 1st Cross?

The Sub Registrar Office that covers Bagathsingh Road 1st Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value is a crucial factor during the registration of property transactions in Ganapathyward11. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty based on the property's worth.

Frequently asked questions

What is the current guideline value of Bagathsingh Road 1st Cross?

The current guideline value of Bagathsingh Road 1st Cross is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, reflecting an overall increase of 124%.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current rate, the total cost for these fees would be Rs 2,01,600.

Which office handles property registration for Bagathsingh Road 1st Cross?

The Ganapathy Sub Registrar Office handles property registration for Bagathsingh Road 1st Cross, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

What is the land classification for Bagathsingh Road 1st Cross?

Bagathsingh Road 1st Cross is classified as Residential Class I Type - II, indicating its suitability for residential development.