Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Bajanai Kovil Street has changed

Over the years, the guideline value of Bajanai Kovil Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 230 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a growth of 248%. However, between 2012 and 2017, the value decreased by 33% to Rs 536 per sq.ft. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, reflecting an increase of 87% from the previous figure. The latest revision in 2024 has set the guideline value at Rs 1,002 per sq.ft, showing no change from the 2023 figure.

It is important to note that there are no recorded figures for Bajanai Kovil Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 336%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, indicating that Bajanai Kovil Street's current value is below the median.

• Baladhandautham Nagar: Rs 2,016 per sq.ft (2024)
• Baladhandauthapuram: Rs 2,016 per sq.ft (2024)
• Balaji colony (nagar): Rs 1,680 per sq.ft (2024)
• Badrakaliyamman koil street: Rs 1,002 per sq.ft (2024)
• Balaji nagar extension: Rs 1,680 per sq.ft (2024)
• Ayyar Layout: Rs 1,232 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total cost for stamp duty and registration Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall costs associated with the transaction. Buyers should also consider that the guideline value may differ from the actual sale price, and the higher of the two will determine the applicable duties.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 336% over the years.

What is the stamp duty rate for properties in Bajanai Kovil Street?

The stamp duty rate for properties in Bajanai Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the median guideline value for streets in Uppilipalayam?

The median guideline value for streets in Uppilipalayam is Rs 1,232 per sq.ft, which is higher than the current value of Bajanai Kovil Street.