Guideline Value for Bagavathsingh Street II

Bagavathsingh Street II guideline value

The current guideline value of Bagavathsingh Street II is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Telgupalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bagavathsingh Street II has changed

According to the guideline value register, there are no figures available for Bagavathsingh Street II for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value as Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, the guideline value saw no percentage change, remaining at Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this street over the past two years.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,000 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Bagavathsingh Street II is below this median.

• Bagavathsingh Street I: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street III: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street: Rs 1,000 per sq.ft (2024)
• Baba Street: Rs 2,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)
• Ayikkonar Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathsingh Street II

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 cost for these fees to Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Bagavathsingh Street II?

The Sub Registrar Office that covers Bagavathsingh Street II is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Telgupalayam. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation set by the government.

When a property is bought or sold, the guideline value helps in calculating the costs associated with the transaction. It is essential for both parties to understand this value, as it directly influences the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Bagavathsingh Street II?

The current guideline value of Bagavathsingh Street II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bagavathsingh Street II has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Bagavathsingh Street II?

Bagavathsingh Street II is classified as Residential Class II Type - I. This classification is important for understanding the usage and regulations applicable to the property.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bagavathsingh Street II?

The Sub Registrar Office for Bagavathsingh Street II is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. This office handles all registrations for the area.