Guideline Value for Bathrakaliammankovilkilamelstreetno.1(Mariammankovilstreet Ext To Thopparcolony)(340,339,341)

BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony)(340,339,341) guideline value

The current guideline value for BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony)(340,339,341) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Varathampalayam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony)(340,339,341) has changed

The guideline value for BathrakaliammanKovilKilamelStreetNo.1 has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 750 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 825 per sq.ft, representing a 10% rise 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 the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 among these streets is Rs 825 per sq.ft, which is equal to the current guideline value for BathrakaliammanKovilKilamelStreetNo.1.

• Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam)(325,341,305,332,331,328): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349): Rs 825 per sq.ft (2024)
• Bazar Street (Market to Uppiliyar Street Ext)(339): Rs 1,150 per sq.ft (2024)
• BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349): Rs 1,650 per sq.ft (2024)
• BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony)(340,339,341)

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be 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 to 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 BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony)(340,339,341)?

The BathrakaliammanKovilKilamelStreetNo.1 is covered by 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 is a crucial factor during the registration of property transactions in Varathampalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. This helps in maintaining transparency and fairness in property transactions, as it reflects the officially recognized value of the land.

Frequently asked questions

What is the current guideline value for BathrakaliammanKovilKilamelStreetNo.1?

The current guideline value for BathrakaliammanKovilKilamelStreetNo.1 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 back 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 area?

The land classification for BathrakaliammanKovilKilamelStreetNo.1 is Residential Class I Type - III.

Which Sub Registrar Office covers this street?

The Sathyamangalam Sub Registrar Office covers BathrakaliammanKovilKilamelStreetNo.1, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

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 would be Rs 57,750 at a rate of 7%.