Guideline Value for Bajanaimadam West Street

Bajanaimadam West Street guideline value

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

How the guideline value of Bajanaimadam West Street has changed

Over the years, the guideline value of Bajanaimadam West Street has undergone several revisions. Starting from the 2002 revision, the guideline value was Rs 83 per sq.ft, which increased significantly to Rs 95 per sq.ft in 2003. There was a substantial rise to Rs 975 per sq.ft in 2012, but it dropped to Rs 653 per sq.ft in 2017. The value then increased sharply to Rs 975 per sq.ft in 2023 before reaching the current rate of Rs 1,080 per sq.ft in 2024. Notably, there is no figure for this street in the 2007 revision.

The changes between these revisions are quite significant. From 2002 to 2003, the value increased by 14%. However, from 2003 to 2012, the value surged by 926%. Following that, the value saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was an 11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1201%.

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 West Street's 2024 figure matches this median value.

• Bajanaimadam South Street: Rs 1,080 per sq.ft (2024)
• Bajanaimadam Nadutheru: 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 West 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 at 7% would be Rs 75,600, and the registration fee at 2% would be Rs 21,600, bringing the total to Rs 97,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bajanaimadam West Street?

The Sub Registrar Office that covers Bajanaimadam West Street 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 is a crucial factor in the registration process when buying or selling property in Dharapuram Ward 5. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When you register a property, the guideline value helps determine the official value for taxation purposes. This ensures that both buyers and sellers are aware of the financial implications of their transactions, including the costs associated with stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Bajanaimadam West Street?

The current guideline value of Bajanaimadam West 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, marking an overall increase of 1201% over this period.

What is the stamp duty rate for properties in Bajanaimadam West Street?

The stamp duty rate for properties in Bajanaimadam West Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bajanaimadam West Street?

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

What are the other streets in Dharapuram Ward 5 with similar guideline values?

Other streets in Dharapuram Ward 5 with similar guideline values include Bajanaimadam South Street and Bajanaimadam Nadutheru, both at Rs 1,080 per sq.ft as of 2024.