Guideline Value for Bagavathi Street (Thadagam Road)

Bagavathi Street (Thadagam Road) guideline value

The current guideline value of Bagavathi Street (Thadagam Road) is Rs 1,325 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bagavathi Street (Thadagam Road) has changed

Over the years, the guideline value of Bagavathi Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,325 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Bagavathi Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,325 per sq.ft, the guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bagavathi Street (Thadagam Road)?

The Sub Registrar Office that covers Bagavathi Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration of property transactions in Kavundampalayam. It serves as a baseline for determining the stamp duty and registration fees applicable to a property sale, ensuring that these fees are calculated based on a standardized value set by the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, which is crucial for both buyers and sellers. It ensures transparency and consistency in property dealings, making it easier for all parties involved to understand the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bagavathi Street (Thadagam Road)?

The current guideline value of Bagavathi Street (Thadagam Road) is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Bagavathi Street?

Bagavathi Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Bagavathi Street?

The Sub Registrar Office for Bagavathi Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Bagavathi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,25,000 would incur a stamp duty of Rs 92,750 at 7%.