Guideline Value for Bazar Street(ManiKoondu-Market)

Bazar Street(ManiKoondu-Market) guideline value

The current guideline value of Bazar Street(ManiKoondu-Market) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sathyamanagalam village, under the Sathyamangalam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Bazar Street(ManiKoondu-Market) has changed

The guideline value for Bazar Street(ManiKoondu-Market) has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, this value decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Sathyamanagalam

In Sathyamanagalam, there are 33 streets under the Sathyamangalam SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Bazar Street(ManiKoondu-Market) above this median.

• Athani South-North Road: Rs 1,650 per sq.ft (2024)
• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)
• Athani Road Kongunagar Quarters: Rs 1,320 per sq.ft (2024)
• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani East-west Mani Road: Rs 825 per sq.ft (2024)
• Bramana Chinna Street (or) New Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Bazar Street(ManiKoondu-Market)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. The total cost for these fees would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bazar Street(ManiKoondu-Market)?

The Sub Registrar Office that covers Bazar Street(ManiKoondu-Market) is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sathyamanagalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Bazar Street(ManiKoondu-Market)?

The current guideline value of Bazar Street(ManiKoondu-Market) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 340% over the years.

What is the median guideline value for streets in Sathyamanagalam?

The median guideline value for streets in Sathyamanagalam is Rs 660 per sq.ft, with Bazar Street(ManiKoondu-Market) being above this median at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in Bazar Street(ManiKoondu-Market)?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Bazar Street(ManiKoondu-Market)?

The Sub Registrar Office for Bazar Street(ManiKoondu-Market) is located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone.