Guideline Value for Bakkiamalli Thottam Road

Bakkiamalli Thottam Road guideline value

The current guideline value of Bakkiamalli Thottam Road is Rs 224 per sq.ft, effective from 1 July 2024. This road is located in Kannampalayam village, under the Sulur SRO, and is classified as Residential Class III Type - V.

How the guideline value of Bakkiamalli Thottam Road has changed

The guideline value for Bakkiamalli Thottam Road has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 175 per sq.ft in 2012. However, it then dropped to Rs 117 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 200 per sq.ft, and the most recent revision in 2024 set the value at Rs 224 per sq.ft. The register has no figures for the revisions in 2002 and 2003.

Between the revisions, notable changes include a 192% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then surged by 71% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Kannampalayam

Kannampalayam village has a total of 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft, with a median value of Rs 336 per sq.ft. The guideline value of Bakkiamalli Thottam Road is below this median.

• Baladhandayudham Nagar: Rs 224 per sq.ft (2024)
• Balajinagar: Rs 448 per sq.ft (2024)
• Avadisetty thottam south side: Rs 224 per sq.ft (2024)
• A.Subaramaniayam Nagar: Rs 224 per sq.ft (2024)
• Arupudha Mudhaiyar Street: Rs 448 per sq.ft (2024)
• Arunachal Boyar Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bakkiamalli Thottam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 224 per sq.ft, the total guideline value would be Rs 2,24,000. The stamp duty at 7% would amount to Rs 15,680, and the registration fee at 2% would be Rs 4,480, bringing the total fees to Rs 20,160. 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 details.

Which Sub Registrar Office covers Bakkiamalli Thottam Road?

The Bakkiamalli Thottam Road falls under the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Kannampalayam. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

During the registration process, buyers and sellers must refer to the guideline value to determine the applicable fees. This value helps in maintaining transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bakkiamalli Thottam Road?

The current guideline value of Bakkiamalli Thottam Road is Rs 224 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 224 per sq.ft in 2024, reflecting an overall increase of 273% over the years.

What is the land classification for Bakkiamalli Thottam Road?

Bakkiamalli Thottam Road is classified as Residential Class III Type - V.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 2,24,000, the stamp duty would be Rs 15,680 and the registration fee would be Rs 4,480, totaling Rs 20,160.

Where is the Sulur Sub Registrar Office located?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.