Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Bhavani village, under the jurisdiction of the Bhavani SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bajanai Kovil Street has changed

In the 2007 revision, the guideline value was Rs 205 per sq.ft. This increased to Rs 400 per sq.ft in the 2012 revision, marking a significant rise of 95%. However, the value saw a decrease to Rs 268 per sq.ft in the 2017 revision, which was a decline of 33%. The 2023 revision maintained the value at Rs 400 per sq.ft, and the 2024 revision also holds this value, indicating no change from the previous year.

To summarize the changes, from 2017 to 2023, there was an increase of 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 95%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Bhavani

In Bhavani village, there are 55 streets under the Bhavani SRO that have a guideline value for 2024, ranging from Rs 400 to Rs 1,445 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, placing Bajanai Kovil Street's 2024 value below this median.

• Andhiyur Road (Thiruvalluvar Nagar): Rs 1,445 per sq.ft (2024)
• Andhiyur Road: Rs 1,445 per sq.ft (2024)
• Bus Stand Road: Rs 800 per sq.ft (2024)
• Cauvery Street: Rs 600 per sq.ft (2024)
• Devapuram: Rs 1,445 per sq.ft (2024)
• Devaraj Lane: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000 for these fees. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Kovil Street?

The Sub Registrar Office that covers Bajanai Kovil Street is the Bhavani Sub Registrar Office, located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Bhavani. 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 at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 205 per sq.ft to Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and then returned to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Bajanai Kovil Street?

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

Where can I find the Bhavani Sub Registrar Office?

The Bhavani Sub Registrar Office is located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone.

How is stamp duty calculated for properties on Bajanai Kovil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total stamp duty of Rs 28,000.