Guideline Value for Bagathsingh street

Bagathsingh street guideline value

The current guideline value of Bagathsingh street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Kallapalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bagathsingh street has changed

The guideline value for Bagathsingh street has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this period, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, and currently stands at Rs 220 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kallapalayam

Kallapalayam village has a total of 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median value among these streets is Rs 140 per sq.ft, positioning Bagathsingh street's 2024 figure above this median.

• Bala Gangadhar Thilagar street: Rs 220 per sq.ft (2024)
• Arunthathiyar Housing unit: Rs 140 per sq.ft (2024)
• Bharathiyar salai: Rs 220 per sq.ft (2024)
• Arijana Theru: Rs 140 per sq.ft (2024)
• Arijana Colony: Rs 140 per sq.ft (2024)
• Anna street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bagathsingh street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bagathsingh street?

The Sub Registrar Office that covers Bagathsingh street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kallapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction reflects a fair value. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bagathsingh street?

The current guideline value of Bagathsingh street is Rs 220 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 increased to Rs 200 per sq.ft in 2023, and currently stands at Rs 220 per sq.ft in 2024.

What is the land classification for Bagathsingh street?

Bagathsingh street is classified as Residential Class II Type - I.

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

The Singanallur Sub Registrar Office covers Bagathsingh street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Kallapalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,000, the stamp duty at 7% would be Rs 15,400.