Guideline Value for Bajanaimadam South Street

Bajanaimadam South Street guideline value

The current guideline value of Bajanaimadam South Street is Rs 1,080 per sq.ft, effective from 1 July 2024. This street is located in the village of Dharapuram, under the Dharapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanaimadam South Street has changed

The guideline value of Bajanaimadam South Street has seen significant changes over the years. In 2002, the guideline value was Rs 83 per sq.ft, which increased to Rs 95 per sq.ft in 2003, marking a 14% rise. The value then experienced a substantial increase of 926% to reach Rs 975 per sq.ft in 2012. However, it dropped by 33% to Rs 653 per sq.ft in 2017. The value then rose by 49% to Rs 975 per sq.ft in 2023, and finally increased by 11% to the current value of Rs 1,080 per sq.ft in 2024. Notably, there is no figure recorded for this street in the 2007 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1201%. The revisions highlight the fluctuations in the guideline value, reflecting various factors influencing property valuation in the area.

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 a median value of Rs 1,080 per sq.ft. Bajanaimadam South Street's current guideline value aligns with this median.

• Bajanaimadam Nadutheru: 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 South Street

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 is calculated at 7%, resulting in Rs 75,600, while the registration fee at 2% amounts to Rs 21,600. The total cost for these fees together is Rs 97,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanaimadam South Street?

The Bajanaimadam South Street is covered by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Dharapuram Ward 5. It serves as a benchmark for determining the minimum value at which 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, the guideline value is used to assess the transaction's legitimacy. It helps in preventing undervaluation of properties, thus safeguarding the interests of both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Bajanaimadam South Street?

The current guideline value of Bajanaimadam South Street 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 83 per sq.ft in 2002 to Rs 1,080 per sq.ft in 2024, reflecting an overall increase of 1201% over the years.

What is the registration office for Bajanaimadam South Street?

The registration office for Bajanaimadam South Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 10,80,000, the stamp duty is Rs 75,600 at 7%, and the registration fee is Rs 21,600 at 2%, totaling Rs 97,200 for these fees combined.

Where can I find more information about the guideline values in Dharapuram Ward 5?

You can find more information about the guideline values in Dharapuram Ward 5 by referring to the relevant sections on the Tamil Nadu Registration Department's website or through the guideline value register.