Guideline Value for Bajanai Kovil Lane

Bajanai Kovil Lane guideline value

The current guideline value of Bajanai Kovil Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II 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. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012. However, it then decreased to Rs 737 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,100 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024, marking an 18% increase from the previous year.

Specifically, the changes between the revisions are as follows: from 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 revision saw a decrease of 33%, while the 2007 to 2012 revision experienced a 47% increase. Overall, from 2007 to 2024, the guideline value has increased by 73%. The register has no figures for Bajanai Kovil Lane for the years 2002 and 2003.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,800 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, indicating that Bajanai Kovil Lane's 2024 guideline value is below this median.

• Ayyannan Street Main: Rs 1,700 per sq.ft (2024)
• Ayyannan Street Lane: Rs 1,200 per sq.ft (2024)
• Baskara Naidu Lane 1: Rs 2,100 per sq.ft (2024)
• Baskara Naidu Lane 2: Rs 2,100 per sq.ft (2024)
• Bellam Krishnan Chetty Street Lane: Rs 1,800 per sq.ft (2024)
• Bellam Krishnan Chetty Street Main: Rs 2,900 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 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bajanai Kovil Lane?

The Sub Registrar Office that covers 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 details.

How the guideline value is used when you buy or sell in Ward-2

The guideline value is a crucial factor when registering property transactions in Ward-2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Lane?

The current guideline value of Bajanai Kovil Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 73% over the years.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,17,000, calculated based on the guideline value of Rs 13,00,000.

Which Sub Registrar Office covers Bajanai Kovil Lane?

The Coimbatore North Joint 1 Sub Registrar Office covers Bajanai Kovil Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Bajanai Kovil Lane?

Bajanai Kovil Lane is classified as Residential Class II Type - I, indicating its designation for residential purposes.