Guideline Value for Bashyakaralu Road Main

Bashyakaralu Road Main guideline value

The current guideline value of Bashyakaralu Road Main is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-8, under the Coimbatore North Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Bashyakaralu Road Main has changed

The guideline value for Bashyakaralu Road Main has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,600 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 181%. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase again, reaching Rs 4,500 per sq.ft in 2023, which was a 49% rise from 2017. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft, an increase of 11% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 213%.

Guideline values in Ward-8

In Ward-8, there are 77 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,900 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Bashyakaralu Road Main above this median.

• Bashyakaralu Road Lane: Rs 4,400 per sq.ft (2024)
• Azath Street: Rs 5,000 per sq.ft (2024)
• Arokiyasamy Road Main: Rs 5,700 per sq.ft (2024)
• Arokiyasamy Road Lane: Rs 5,700 per sq.ft (2024)
• Brookebond Colony Main: Rs 3,300 per sq.ft (2024)
• Devanga High School Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bashyakaralu Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total cost to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bashyakaralu Road Main?

The Sub Registrar Office that covers Bashyakaralu Road Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-8

The guideline value is a critical factor when registering property transactions in Ward-8. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buyers or sellers engage in a property transaction, the guideline value ensures that the appropriate taxes are levied based on the official valuation, which is essential for legal compliance and transparency in property dealings.

Frequently asked questions

What is the current guideline value of Bashyakaralu Road Main?

The current guideline value of Bashyakaralu Road Main is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting a significant increase of 213% over the years.

What are the stamp duty and registration fees for properties on Bashyakaralu Road Main?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which Sub Registrar Office handles transactions for Bashyakaralu Road Main?

The Coimbatore North Joint 1 Sub Registrar Office handles transactions for Bashyakaralu Road Main, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What is the median guideline value for properties in Ward-8?

The median guideline value for properties in Ward-8 is Rs 4,400 per sq.ft, with Bashyakaralu Road Main's value being above this median at Rs 5,000 per sq.ft.