Guideline Value for Bajhanai Kovil Street

Bajhanai Kovil Street guideline value

The current guideline value of Bajhanai Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO, classified as Residential Class I Type - III.

How the guideline value of Bajhanai Kovil Street has changed

Over the years, the guideline value of Bajhanai Kovil Street has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 700 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The value surged again to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft from the 2024 revision, representing a 10% increase.

The register has no figure for Bajhanai Kovil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the current guideline value of Bajhanai Kovil Street.

• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Nagar (or) Road: Rs 2,200 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,320 per sq.ft (2024)
• Balasundaram Road: Rs 4,950 per sq.ft (2024)
• Avinashi Road Main: Rs 7,700 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bajhanai Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 Bajhanai Kovil Street?

The Sub Registrar Office that covers Bajhanai Kovil Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is an essential factor when registering property transactions in Ward 10. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Bajhanai Kovil Street?

The current guideline value of Bajhanai Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 214% during this period.

What is the land classification for Bajhanai Kovil Street?

Bajhanai Kovil Street is classified as Residential Class I Type - III under the Peelamedu SRO.

What are the stamp duty and registration fees for property in Bajhanai Kovil Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Bajhanai Kovil Street located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, and it covers Bajhanai Kovil Street.