Guideline Value for Bagyalakshmi Garden

Bagyalakshmi Garden guideline value

The current guideline value of Bagyalakshmi Garden is Rs 1,014 per sq.ft, effective from 1 July 2024. This property is located in Thudiyalur village under the Periyanayakkan Palayam SRO and is classified as Residential Class II Type - II.

How the guideline value of Bagyalakshmi Garden has changed

The guideline value for Bagyalakshmi Garden has seen significant changes over the years. In the 2012 revision, the value was Rs 350 per sq.ft, which decreased to Rs 234 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 327%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,014 per sq.ft, marking a 1% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 190%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Bagyalakshmi Garden's 2024 figure below this median.

• Balaji Garden: Rs 1,020 per sq.ft (2024)
• Balaji Garden Extension: Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)

Stamp duty and registration fee for property in Bagyalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for these fees to Rs 91,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bagyalakshmi Garden?

The Bagyalakshmi Garden area falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thudiyalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bagyalakshmi Garden?

The current guideline value of Bagyalakshmi Garden is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, reflecting an overall increase of 190% over this period.

What is the land classification for Bagyalakshmi Garden?

Bagyalakshmi Garden is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bagyalakshmi Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 91,260, calculated based on the guideline value of Rs 10,14,000.

Where can I find the Sub Registrar Office for Bagyalakshmi Garden?

The Sub Registrar Office covering Bagyalakshmi Garden is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.