Guideline Value for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347)

Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) guideline value

The current guideline value for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Varathampalayam village and falls under the Sathyamangalam SRO. The land classification is Residential Class I Type - III.

How the guideline value of Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) has changed

The guideline value for this street has undergone several revisions over the years. In 2012, the value was Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 750 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 10%.

Guideline values in Varathampalayam

In Varathampalayam, there are 16 streets under the Sathyamangalam SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,650 per sq.ft. The median value among these streets is Rs 825 per sq.ft, which is equal to the guideline value for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347).

• Bathrakaliamman Kovil Kilamel Street No.1 (Mariamman Kovil Street Ext to Thoppar Colony): Rs 825 per sq.ft (2024)
• Bathrakaliamman Kovil Kilamel Street No.2 (Bathrakaliamman Kovil to Pallam): Rs 825 per sq.ft (2024)
• Bathrakaliamman Kovil Street (Market Ext to Mariamman Kovil Ext): Rs 825 per sq.ft (2024)
• Bazar Street (Market to Uppiliyar Street Ext): Rs 1,150 per sq.ft (2024)
• Bazar Street (North Pettai Road Ext Manikoondu to Market): Rs 1,650 per sq.ft (2024)
• Bazar Street (Uppiliyar Street to Mariamman Kovil Ext): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. 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 detailed calculations.

Which Sub Registrar Office covers Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347)?

The Sub Registrar Office that covers Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varathampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer and seller must adhere to the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347)?

The current guideline value for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 750 per sq.ft in 2012, decreasing to Rs 502 per sq.ft in 2017, then increasing to Rs 750 per sq.ft in 2023, and finally reaching Rs 825 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347) is Residential Class I Type - III.

Where can I find the Sathyamangalam Sub Registrar Office?

The Sathyamangalam Sub Registrar Office is located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the stamp duty at 7% would amount to Rs 57,750.