Guideline Value for Batharakaliamman Kovil Street

Batharakaliamman Kovil Street guideline value

The current guideline value of Batharakaliamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Batharakaliamman Kovil Street has changed

The guideline value for Batharakaliamman Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023 and further rose to Rs 1,600 per sq.ft in 2024, marking a 14% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 14%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, making the 2024 guideline value of Batharakaliamman Kovil Street below this median.

• Big Bazaar Street (South Side) Lane: Rs 3,900 per sq.ft (2024)
• Big Bazaar Street (South Side) Main: Rs 5,600 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Batharakaliamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Batharakaliamman Kovil Street?

The Batharakaliamman Kovil Street falls under 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 information.

How the guideline value is used when you buy or sell in Ward-3

When buying or selling property in Ward-3, the guideline value is a crucial factor that determines the stamp duty and registration fees. It serves as a benchmark for property transactions, ensuring that the taxes are calculated based on a standardized value set by the registration department.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Batharakaliamman Kovil Street?

The current guideline value of Batharakaliamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023 and Rs 1,600 per sq.ft in 2024.

What is the land classification for Batharakaliamman Kovil Street?

Batharakaliamman Kovil Street is classified as Residential Class I Type - III.

Where can I find the registration office for Batharakaliamman Kovil Street?

The registration office for Batharakaliamman Kovil Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Batharakaliamman Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.