Guideline Value for Bajanai Kovil Street (Ward 6)

Bajanai Kovil Street (Ward 6) guideline value

The current guideline value of Bajanai Kovil Street (Ward 6) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Kovil Street (Ward 6) has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, which is a rise of 99%. The latest revision in 2024 brought the guideline value to Rs 1,040 per sq.ft, reflecting an increase of 4% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,040 per sq.ft, which is equal to the guideline value of Bajanai Kovil Street (Ward 6).

• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)
• Balaji Nagar (Ward 13): Rs 1,040 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,040 per sq.ft (2024)
• Ayya Gounder Street: Rs 1,035 per sq.ft (2024)
• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street (Ward 6)

For a 1,000 sq.ft plot at the current rate of Rs 1,040 per sq.ft, the guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, totaling Rs 93,600. 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 more details.

Which Sub Registrar Office covers Bajanai Kovil Street (Ward 6)?

The Sub Registrar Office that covers Bajanai Kovil Street (Ward 6) 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 Kurichi

The guideline value is an important factor in property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is registered at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street (Ward 6)?

The current guideline value of Bajanai Kovil Street (Ward 6) is Rs 1,040 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 2012 to Rs 1,040 per sq.ft in 2024, with notable changes including a decrease to Rs 502 per sq.ft in 2017 and an increase to Rs 1,000 per sq.ft in 2023.

What is the classification of Bajanai Kovil Street?

Bajanai Kovil Street (Ward 6) is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bajanai Kovil Street (Ward 6) is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,40,000, the total fees would amount to Rs 93,600.