Guideline Value for Bagavathi Nagar

Bagavathi Nagar guideline value

The current guideline value of Bagavathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bagavathi Nagar has changed

The guideline value for Bagavathi Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 150 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, but then saw a decrease to Rs 536 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in the 2023 revision, and it remains at this level in the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 567%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam village, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with the median being Rs 1,000 per sq.ft. The guideline value of Bagavathi Nagar aligns with this median.

• Bagavathi Street (Thadagam Road): Rs 1,325 per sq.ft (2024)
• Bairavi Street-Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Baba Nagar (Onapalayam Road): Rs 1,000 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,000 per sq.ft (2024)
• Baba Nagar: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Bagavathi Nagar?

The Sub Registrar Office that covers Bagavathi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

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

When you register a property, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. This value helps to standardize property transactions and provides transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Bagavathi Nagar?

The current guideline value of Bagavathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 567% over this period.

What are the stamp duty and registration fees for properties in Bagavathi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Which office handles property registrations for Bagavathi Nagar?

The Vadavalli Sub Registrar Office handles property registrations for Bagavathi Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What other streets have guideline values in Kavundampalayam?

Other streets in Kavundampalayam include Bagavathi Street (Thadagam Road) at Rs 1,325 per sq.ft, Bairavi Street-Gandhi Nagar, Baba Nagar (Onapalayam Road), Bajanai Kovil Street, Baba Nagar, and Balaji Garden, all at Rs 1,000 per sq.ft.