Guideline Value for Bagavathsingh Street

Bagavathsingh Street guideline value

The current guideline value of Bagavathsingh Street 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 has changed

According to the register, there are no figures for Bagavathsingh Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for the 2023 revision was Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,000 per sq.ft, indicating a change of +0% from 2023 to 2024.

Thus, the guideline value for Bagavathsingh Street has remained consistent at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Telgupalayam

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

• Bagavathsingh Street I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that 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 Bagavathsingh Street?

The Sub Registrar Office that covers Bagavathsingh Street 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 during property registration in Telgupalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers to be aware of this value to ensure a fair transaction and to comply with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Bagavathsingh Street?

The current guideline value of Bagavathsingh Street 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 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 median guideline value in Telgupalayam?

The median guideline value in Telgupalayam is Rs 1,002 per sq.ft. Bagavathsingh Street's 2024 figure of Rs 1,000 per sq.ft is below this median.

What are the stamp duty and registration fees for properties in Bagavathsingh Street?

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. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Bagavathsingh Street?

The Coimbatore South Joint 1 Sub Registrar Office handles the registration for Bagavathsingh Street, located at No.410a, Raja Street, Coimbatore-641001.