Guideline Value for Bajanaimadam Nadutheru

Bajanaimadam Nadutheru guideline value

The current guideline value for Bajanaimadam Nadutheru is Rs 1,080 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 5 under the Dharapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanaimadam Nadutheru has changed

The guideline value of Bajanaimadam Nadutheru has seen significant changes over the years. In 2002, the guideline value was Rs 98 per sq.ft, which increased to Rs 112 per sq.ft in 2003, marking a 14% rise. There was no recorded figure for this street in 2007. The value then rose to Rs 975 per sq.ft in 2012, but dropped to Rs 653 per sq.ft in 2017, representing a decrease of 33%. The value increased to Rs 975 per sq.ft again in 2023, and finally reached Rs 1,080 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1002%. The most notable increase occurred between 2003 and 2012, where the value surged by 771%. The changes in the guideline value illustrate the fluctuations that have occurred over the years in Bajanaimadam Nadutheru.

Guideline values in Dharapuram Ward 5

In Dharapuram Ward 5, there are 40 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 575 to Rs 1,820 per sq.ft, with the median being Rs 1,080 per sq.ft. Bajanaimadam Nadutheru's 2024 guideline value is equal to this median.

• Bajanaimadam South Street: Rs 1,080 per sq.ft (2024)
• Bajanaimadam West Street: Rs 1,080 per sq.ft (2024)
• Big Bazar Street: Rs 1,820 per sq.ft (2024)
• Big Bazar Street Back Side: Rs 1,820 per sq.ft (2024)
• Anuppar Street: Rs 770 per sq.ft (2024)
• Agamudiyar Street NallappanPettai Lane: Rs 1,080 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanaimadam Nadutheru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,080 per sq.ft, the total guideline value amounts to Rs 10,80,000. The stamp duty at 7% would be Rs 75,600, and the registration fee at 2% would be Rs 21,600, bringing the total cost for these fees to Rs 97,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bajanaimadam Nadutheru?

The Sub Registrar Office that covers Bajanaimadam Nadutheru is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Dharapuram Ward 5

The guideline value plays a crucial role in the registration process when buying or selling property in Dharapuram Ward 5. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanaimadam Nadutheru?

The current guideline value for Bajanaimadam Nadutheru is Rs 1,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 98 per sq.ft in 2002 to Rs 1,080 per sq.ft in 2024, marking an overall increase of 1002% over the years.

What are the stamp duty and registration fees for properties in Bajanaimadam Nadutheru?

For a property valued at Rs 10,80,000, the stamp duty would be Rs 75,600 and the registration fee would be Rs 21,600, totaling Rs 97,200.

Which Sub Registrar Office covers Bajanaimadam Nadutheru?

The Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone, covers Bajanaimadam Nadutheru.

What is the land classification for Bajanaimadam Nadutheru?

Bajanaimadam Nadutheru is classified as Residential Class I Type - I, indicating its suitability for residential purposes.