Guideline Value for BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349)

BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) guideline value

The current guideline value of BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) 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 BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) has changed

The guideline value for BathrakaliammanKovilStreet has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 750 per sq.ft. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 825 per sq.ft.

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 with a 2024 guideline value ranging from Rs 330 to Rs 1,650 per sq.ft. The median value for these streets is Rs 825 per sq.ft, which is equal to the current guideline value of BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349).

• BathrakaliammanKovilKilamel Street No.2(BathrakaliammanKovil to Pallam): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilKilamelStreetNo.1(MariammanKovilStreet Ext to ThopparColony): 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 BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349)

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 charges 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349)?

The Sub Registrar Office covering BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) 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 registration process of property transactions in Varathampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value must be considered as it directly impacts the costs involved in the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall expenses related to property acquisition.

Frequently asked questions

What is the current guideline value for BathrakaliammanKovilStreet?

The current guideline value for BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) 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 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 BathrakaliammanKovilStreet?

The land classification for BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349) is Residential Class I Type - III.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for BathrakaliammanKovilStreet is the Sathyamangalam Sub Registrar Office, 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 for properties in BathrakaliammanKovilStreet is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.