Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Kovil Street has changed

Over the years, the guideline value of Bajanai Kovil Street has seen several revisions. In 2002, the value was Rs 190 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a rise of 12%. By 2007, the value jumped significantly to Rs 285 per sq.ft, reflecting a 34% increase. The next revision in 2012 saw the value rise to Rs 1,500 per sq.ft, an impressive increase of 426%. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, with no change between these years.

Overall, from 2002 to 2024, the guideline value has increased by 689%. The register does not have figures for any other years for this street.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 700 per sq.ft. Bajanai Kovil Street's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Bangalow Medu Harijan Colony Ambathkar Qrts: Rs 350 per sq.ft (2024)
• Barbar Street: Rs 600 per sq.ft (2024)
• Bharath Bavanam Road: Rs 600 per sq.ft (2024)
• Bharathi Nagar (Huts): Rs 350 per sq.ft (2024)
• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)
• Arun Nagar (S.F.248): Rs 1,000 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Kovil Street?

The Bajanai Kovil Street is covered by the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and remained at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Bajanai Kovil Street?

Bajanai Kovil Street is classified as Residential Class I Type - I.

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

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is the stamp duty calculated for properties in Bajanai Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.