Guideline Value for Bathrakaliammankovilkilamel Street No.2(Bathrakaliammankovil To Pallam)(325,341,305,332,331,328)

BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam)(325,341,305,332,331,328) guideline value

The current guideline value of BathrakaliammanKovilKilamel Street No.2 is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Varathampalayam village, under the Sathyamangalam SRO, and is classified as Residential Class I Type - III.

How the guideline value of BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam)(325,341,305,332,331,328) 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, which decreased to Rs 502 per sq.ft in 2017. The value then increased significantly to Rs 750 per sq.ft in 2023, and further rose to Rs 825 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varathampalayam

In Varathampalayam, there are 16 streets under the Sathyamangalam SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,650 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the current guideline value of BathrakaliammanKovilKilamel Street No.2.

• BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt): Rs 825 per sq.ft (2024)
• Bathrakaliamman Kovil (Ext to Nirmala Theatre): Rs 825 per sq.ft (2024)
• Bazar Street (Market to Uppiliyar Street Ext): Rs 1,150 per sq.ft (2024)
• BazarStreet(NorthPettai Road Ext Manikoondu to Market): Rs 1,650 per sq.ft (2024)
• BazarStreet (Uppiliyar Street to Mariamman Kovil Ext): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam)(325,341,305,332,331,328)

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam)(325,341,305,332,331,328)?

The Sub Registrar Office that covers this street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Varathampalayam. It serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it ensures that the transaction is registered at a fair value. The authorities use this value to assess the appropriate fees and taxes, making it an important factor in real estate transactions.

Frequently asked questions

What is the current guideline value of BathrakaliammanKovilKilamel Street No.2?

The current guideline value of BathrakaliammanKovilKilamel Street No.2 is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for this street?

BathrakaliammanKovilKilamel Street No.2 is classified as Residential Class I Type - III.

What is the stamp duty rate for properties in this area?

The stamp duty rate applicable for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering BathrakaliammanKovilKilamel Street No.2 is located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.