Guideline Value for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349)

BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) guideline value

The current guideline value for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) is Rs 1,650 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 - I.

How the guideline value of BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) has changed

The guideline value for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,650 per sq.ft in 2024. The changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Therefore, we cannot provide any data for those years.

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 guideline value for these streets is Rs 825 per sq.ft, which means that BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) is above the median value.

• Bazar Street (Market to Uppiliyar Street Ext)(339): Rs 1,150 per sq.ft (2024)
• BazarStreet (Uppiliyar Street to Mariamman Kovil Ext)(336,334,333): Rs 770 per sq.ft (2024)
• BathrakaliammanKovilStreet (Market Ext to Mariamman Kovil Ext)(348,349): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilKilamel Street No.2(Bathrakaliamman Kovil to Pallam)(325,341,305,332,331,328): Rs 825 per sq.ft (2024)
• BathrakaliammanKovilKilamelStreet No.1(Mariamman Kovil Street Ext to Thoppar Colony)(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(NorthPettai Road Ext Manikoondu to Market)(349)

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349)?

The Sub Registrar Office that covers BazarStreet(NorthPettai Road Ext Manikoondu to Market)(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 details.

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

The guideline value is a critical factor during property registration in Varathampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which ensures that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349)?

The current guideline value for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349)?

The land classification for BazarStreet(NorthPettai Road Ext Manikoondu to Market)(349) is Commercial Class I Type - I.

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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.