Guideline Value for Bajanai koil veethy

Bajanai koil veethy guideline value

The current guideline value of Bajanai koil veethy is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, which falls under the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai koil veethy has changed

The guideline value for Bajanai koil veethy has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and now stands at Rs 1,002 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 199%. Overall, from 2012 to 2024, the guideline value has increased by 100%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value is Rs 1,120 per sq.ft, placing Bajanai koil veethy below this median.

• AZIZ Nagar: Rs 1,001 per sq.ft (2024)
• Balaji nagar: Rs 1,568 per sq.ft (2024)
• Balaji Nagar Railway Line South: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bazzar Street: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai koil veethy

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the 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. Together, the total cost would be Rs 90,180. 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 koil veethy?

The Sub Registrar Office that covers Bajanai koil veethy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Singanallur

The guideline value plays a crucial role during the registration of property transactions in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Bajanai koil veethy?

The current guideline value of Bajanai koil veethy 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 500 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 100% over this period.

What is the land classification for Bajanai koil veethy?

Bajanai koil veethy is classified as Residential Class II Type - I.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

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 1,000 sq.ft plot at the current rate, the total cost would be Rs 90,180.