Guideline Value for Bagathsingh Road

Bagathsingh Road guideline value

The current guideline value of Bagathsingh Road is Rs 3,920 per sq.ft, effective from 1 July 2024. This road is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Bagathsingh Road has changed

The guideline value for Bagathsingh Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, an increase of 49%. As of the latest revision in 2024, the guideline value stands at Rs 3,920 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for Bagathsingh Road. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 10,080 per sq.ft. The median value for these streets is Rs 2,240 per sq.ft, placing Bagathsingh Road's current value above this median.

• Bagathsingh Road 1st Cross: Rs 2,240 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,920 per sq.ft, the total guideline value would be Rs 39,20,000. The stamp duty, charged at 7%, would amount to Rs 2,74,400, while the registration fee at 2% would be Rs 78,400. Together, the total cost for these fees would be Rs 3,52,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bagathsingh Road?

The Sub Registrar Office that covers Bagathsingh Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 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 plays a crucial role in the registration process 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 transaction is recorded accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bagathsingh Road?

The current guideline value of Bagathsingh Road is Rs 3,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,920 per sq.ft in 2024, reflecting an overall increase of 214% over this period.

What is the land classification of Bagathsingh Road?

Bagathsingh Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For a property on Bagathsingh Road, the fees can be calculated using the current guideline value.