Guideline Value for Bajanai koil veethy

Bajanai koil veethy guideline value

The current guideline value of Bajanai koil veethy is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village, under the Singanallur SRO, and is classified as 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 2007, the value was Rs 65 per sq.ft, which rose significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017 before increasing again to Rs 300 per sq.ft in 2023. The current guideline value is Rs 330 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The rise from 2007 to 2012 was substantial at 362%. Overall, from 2007 to 2024, the guideline value has increased by 408%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the current guideline value of Bajanai koil veethy.

• Badmanabathever Street: Rs 330 per sq.ft (2024)
• Babukan Street: Rs 770 per sq.ft (2024)
• Balaji Nagar: Rs 440 per sq.ft (2024)
• Balamurugan Nagar: Rs 550 per sq.ft (2024)
• Banker Street: Rs 220 per sq.ft (2024)
• Bharathiar Street: Rs 220 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 guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property in Vellalore. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Bajanai koil veethy?

The current guideline value of Bajanai koil veethy is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 65 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification for Bajanai koil veethy?

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

What are the stamp duty and registration fees for property in Bajanai koil veethy?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for Bajanai koil veethy located?

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