Guideline Value for Bagavathi Street

Bagavathi Street guideline value

The current guideline value of Bagavathi Street is Rs 205 per sq.ft, effective from 1 July 2024. This street is located in Koogaloor village, under the Gobichettipalayam Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Bagavathi Street has changed

The guideline value for Bagavathi Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 67 per sq.ft in 2017, reflecting a drop of 33%. The next revision in 2023 saw a significant increase to Rs 200 per sq.ft, which was a 199% rise from the previous figure. Finally, the current value for 2024 is Rs 205 per sq.ft, representing a 3% increase from 2023.

It is important to note that the register has no figures for Bagavathi Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 310%.

Guideline values in Koogaloor

In Koogaloor village, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value, ranging from Rs 205 to Rs 205 per sq.ft, with the median also being Rs 205 per sq.ft. Bagavathi Street's 2024 figure aligns with this median.

• Bank Road: Rs 205 per sq.ft (2024)
• Bharathi Nagar: Rs 205 per sq.ft (2024)
• Ashokmetha Street: Rs 205 per sq.ft (2024)
• Arumaikarrar Street: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, making a total of Rs 18,450. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagavathi Street?

The Sub Registrar Office that covers Bagavathi Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koogaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers should be aware that the guideline value is used to ensure transparency and fairness in property transactions.

When a property is registered, the guideline value helps in assessing the appropriate charges that are applicable. This ensures that both buyers and sellers are informed about the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bagavathi Street?

The current guideline value of Bagavathi Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, reflecting an overall increase of 310% over the years.

What are the stamp duty and registration fees for a property in Bagavathi Street?

For a property valued at Rs 2,05,000, the stamp duty would be Rs 14,350 and the registration fee would be Rs 4,100, totaling Rs 18,450.

Which Sub Registrar Office covers Bagavathi Street?

Bagavathi Street is covered by the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452.

What is the land classification of Bagavathi Street?

Bagavathi Street is classified as Residential Special Type - III under the Gobichettipalayam Joint II SRO.