Guideline Value for Bazarstreet (Uppiliyar Street To Mariamman Kovil Ext)(336,334,333)

BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333) guideline value

The current guideline value for BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333) is Rs 770 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 Commercial Class I Type - III.

How the guideline value of BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333) has changed

The guideline value for BazarStreet has undergone several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then rose again to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

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 of these streets is Rs 825 per sq.ft, placing BazarStreet's 2024 figure below that median.

• BazarStreet (NorthPettai Road Ext Manikoondu to Market)(349): Rs 1,650 per sq.ft (2024)
• Bazar Street (Market to Uppiliyar Street Ext)(339): Rs 1,150 per sq.ft (2024)
• BathrakaliammanKovilStreet (Market Ext to MariammanKovilExt)(348,349): 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)
• BathrakaliammanKovilKilamelStreetNo.1 (MariammanKovilStreet Ext to ThopparColony)(340,339,341): Rs 825 per sq.ft (2024)
• Bathrakaliamman Kovil (Ext to Nirmala Theatre)(341,347): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value totals Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333)?

The Sub Registrar Office covering BazarStreet 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 is an essential factor during property registration in Varathampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately according to government regulations. It is crucial for buyers and sellers to be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333)?

The current guideline value for BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333)?

The land classification for BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333) is Commercial Class I Type - III.

Where can I find the Sathyamangalam Sub Registrar Office?

The Sathyamangalam Sub Registrar Office is 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 BazarStreet?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property with a guideline value of Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.