Guideline Value for Bay Bay nagar

Bay Bay nagar guideline value

The current guideline value of Bay Bay nagar is Rs 1,002 per sq.ft, effective from the 2024 revision. This area is located in Kuniyamuthur village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Bay Bay nagar has changed

The guideline value for Bay Bay nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which was revised to Rs 1,002 per sq.ft in 2024, reflecting a change of +0% from the previous year.

This means that the guideline value has been relatively stable in recent times. The 2024 figure of Rs 1,002 per sq.ft is below the median guideline value of Rs 1,003 per sq.ft for the 410 streets in Kuniyamuthur under the Coimbatore South Joint 1 SRO.

Guideline values in Kuniyamuthur

In Kuniyamuthur, the guideline values for various streets range from Rs 1,000 to Rs 1,550 per sq.ft, with a median of Rs 1,003 per sq.ft. The guideline value for Bay Bay nagar is below this median. Here are some other streets in Kuniyamuthur:

• BBC Nagar: Rs 1,002 per sq.ft (2024)
• Belle Gounder Street: Rs 1,003 per sq.ft (2024)
• Benthagostha Church Street: Rs 1,003 per sq.ft (2024)
• Bharathidasan Street: Rs 1,003 per sq.ft (2024)
• BandariBoyan Street: Rs 1,004 per sq.ft (2024)
• Balu Garden Phase II: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Bay Bay nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040. Together, the total cost for stamp duty and registration fee would be Rs 90,180. 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 Bay Bay nagar?

The Sub Registrar Office that covers Bay Bay nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 Kuniyamuthur

The guideline value is a crucial factor during the registration process of property transactions in Kuniyamuthur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Bay Bay nagar?

The current guideline value of Bay Bay nagar is Rs 1,002 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Bay Bay nagar was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,002 per sq.ft in 2024, reflecting a change of +0%.

What is the median guideline value in Kuniyamuthur?

The median guideline value for the 410 streets in Kuniyamuthur is Rs 1,003 per sq.ft, with Bay Bay nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Bay Bay nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 90,180, calculated based on the guideline value of Rs 10,02,000.

Which office handles registrations for Bay Bay nagar?

The Coimbatore South Joint 1 Sub Registrar Office handles registrations for Bay Bay nagar, located at No.410a, Raja Street, Coimbatore-641001.