Guideline Value for Bajanai Kovil Street

Bajanai Kovil Street guideline value

The current guideline value of Bajanai Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bajanai Kovil Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This value decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting an 87% rise. The 2023 revision maintained this value, and the same guideline value of Rs 1,000 per sq.ft was carried into the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 concerning Bajanai Kovil Street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current figure for Bajanai Kovil Street.

• Bairavi Street-Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bagavathi Street (Thadagam Road): Rs 1,325 per sq.ft (2024)
• Bagavathi Nagar: Rs 1,000 per sq.ft (2024)
• Balaji Garden: Rs 1,000 per sq.ft (2024)
• Balaji Housing: Rs 1,000 per sq.ft (2024)
• Baba Nagar (Onapalayam Road): 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that 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?

The Sub Registrar Office that covers Bajanai Kovil Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kavundampalayam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a buyer and seller agree on a sale price, the guideline value is compared to ensure that the registration reflects the higher of the two. This ensures that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Bajanai Kovil Street?

The current guideline value of Bajanai Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bajanai Kovil Street has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers Bajanai Kovil Street?

Bajanai Kovil Street is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What are the stamp duty and registration fees for properties in Bajanai Kovil Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

What is the land classification for Bajanai Kovil Street?

The land classification for Bajanai Kovil Street is Residential Class I Type - II.