Guideline Value for Batza Sahip Street

Batza Sahip Street guideline value

The current guideline value of Batza Sahip Street is Rs 541 per sq.ft. This street is located in Ward 2 village under the Pollachi Sub Registrar Office (SRO), and it falls under the Residential Class II Type - I land classification.

How the guideline value of Batza Sahip Street has changed

The guideline value for Batza Sahip Street has seen several revisions since 2002. In the 2002 revision, the guideline value was Rs 303 per sq.ft, which increased to Rs 344 per sq.ft in 2003, marking a 14% rise. The value continued to rise, reaching Rs 375 per sq.ft in 2007, an increase of 9%. By 2012, the value was Rs 540 per sq.ft, reflecting a 44% increase from the previous revision. However, there was a significant drop of 33% to Rs 362 per sq.ft in the 2017 revision. The guideline value remained unchanged at Rs 362 per sq.ft until the 2023 revision, which also recorded Rs 541 per sq.ft, and it has remained at this figure in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 79%. The changes from 2017 to 2023 indicate a 49% increase, while the transition from 2012 to 2017 saw a decrease of 33%. The guideline value per sq.ft has remained consistent from 2023 to 2024, showing no change.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 420 per sq.ft. Batza Sahip Street's current guideline value of Rs 541 per sq.ft is above this median.

• Bazar Street (Kadai Veethi): Rs 2,500 per sq.ft (2024)
• Balaji Nagar: Rs 420 per sq.ft (2024)
• A.V.V.S.Colony: Rs 302 per sq.ft (2024)
• Arumugam Pillai Street: Rs 541 per sq.ft (2024)
• Arumugam Gounder Colony: Rs 420 per sq.ft (2024)
• Arul Vadivel Kannapuram: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Batza Sahip Street

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value amounts to Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, and the registration fee at 2% would be Rs 10,820, leading to a total of Rs 48,690. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Batza Sahip Street?

The Sub Registrar Office that covers Batza Sahip Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is a crucial factor when registering property in Ward 2. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that the guideline value can affect the overall cost of property transactions.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different streets and areas.

Frequently asked questions

What is the current guideline value of Batza Sahip Street?

The current guideline value of Batza Sahip Street is Rs 541 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 303 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, reflecting an overall increase of 79% over the years.

What are the other streets in Ward 2 with their guideline values?

Other streets in Ward 2 include Bazar Street (Kadai Veethi) at Rs 2,500 per sq.ft, Balaji Nagar at Rs 420 per sq.ft, and Arumugam Pillai Street at Rs 541 per sq.ft, among others.

How is stamp duty calculated for property in Batza Sahip Street?

Stamp duty for property in Batza Sahip Street is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 37,870 at the current guideline value.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.