Guideline Value for Bajanai Kovil Lane

Bajanai Kovil Lane guideline value

The current guideline value of Bajanai Kovil Lane is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Class III Type - I.

How the guideline value of Bajanai Kovil Lane has changed

The guideline value for Bajanai Kovil Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and further rose to Rs 1,700 per sq.ft in the 2024 revision, marking a 21% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a 21% increase. The 2017 to 2023 revision saw a notable increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median guideline value in this area is Rs 3,400 per sq.ft, placing Bajanai Kovil Lane's value below this median.

• Balasundaram Chettiar Road Main: Rs 7,900 per sq.ft (2024)
• Avinashi Road Main: Rs 7,900 per sq.ft (2024)
• A.T.T Colony II: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)
• Bharathidasan Nagar Lane: Rs 2,100 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bajanai Kovil Lane?

The Sub Registrar Office covering Bajanai Kovil Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-1

The guideline value is a critical factor during property registration in Ward-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential to consider this value when negotiating sale prices to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Lane?

The current guideline value of Bajanai Kovil Lane is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,400 per sq.ft in 2012, decreasing to Rs 938 per sq.ft in 2017, then increasing to Rs 1,400 per sq.ft in 2023, and finally reaching Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Ward-1?

The median guideline value in Ward-1 is Rs 3,400 per sq.ft, which is above the current value of Bajanai Kovil Lane.

What are the stamp duty and registration fees for properties in Bajanai Kovil Lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

Where can I find the Sub Registrar Office for Bajanai Kovil Lane?

The Sub Registrar Office for Bajanai Kovil Lane is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find more information online.