Guideline Value for Bagavathsingh Street I

Bagavathsingh Street I guideline value

The current guideline value for Bagavathsingh Street I 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 I has changed

The guideline value for Bagavathsingh Street I has remained consistent at Rs 1,000 per sq.ft since the 2023 revision. The 2023 revision also recorded the same value of Rs 1,000 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

With no change in the guideline value from 2023 to 2024, the rate has remained stable at Rs 1,000 per sq.ft. This consistency highlights the current valuation of the property in this locality.

Guideline values in Telgupalayam

In Telgupalayam village, there are 223 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, making Bagavathsingh Street I's 2024 figure below that median.

• Bagavathsingh Street: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street II: Rs 1,000 per sq.ft (2024)
• Bagavathsingh Street III: 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 I

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, leading to a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagavathsingh Street I?

The Sub Registrar Office that covers Bagavathsingh Street I is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 Telgupalayam

The guideline value plays a crucial role in property transactions in Telgupalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to assess the applicable charges. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Bagavathsingh Street I?

The current guideline value of Bagavathsingh Street I 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 I has remained at Rs 1,000 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Bagavathsingh Street I?

Bagavathsingh Street I is classified as Residential Class II Type - I. This classification indicates the type of development permissible in the area.

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

The Sub Registrar Office for Bagavathsingh Street I is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.

How is stamp duty calculated for properties in Bagavathsingh Street I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.