Guideline Value for Big Bazaar Street (South Side) Lane

Big Bazaar Street (South Side) Lane guideline value

The current guideline value for Big Bazaar Street (South Side) Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village, under the Coimbatore North Joint 1 SRO, and is classified as Commercial Special Type - III.

How the guideline value of Big Bazaar Street (South Side) Lane has changed

Over the years, the guideline value for Big Bazaar Street (South Side) Lane has seen significant changes. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in the 2012 revision, representing a 250% rise. However, in the 2017 revision, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, and most recently, it has increased to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2007 to 2024, it has increased by 290%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-3

In Ward-3, 82 streets are listed under the Coimbatore North Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, placing Big Bazaar Street (South Side) Lane's 2024 figure above this median.

• Big Bazaar Street (South Side) Main: Rs 5,600 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Bye-pass Road: Rs 2,500 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazaar Street (South Side) Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, leading to a total of Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Big Bazaar Street (South Side) Lane?

The Sub Registrar Office covering Big Bazaar Street (South Side) Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-3

The guideline value plays a crucial role during the registration of property transactions in Ward-3. It serves as a benchmark for determining the stamp duty and registration fees applicable on property sales.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Big Bazaar Street (South Side) Lane?

The current guideline value for Big Bazaar Street (South Side) Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 290% over this period.

What is the land classification for Big Bazaar Street (South Side) Lane?

Big Bazaar Street (South Side) Lane is classified as Commercial Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Big Bazaar Street (South Side) Lane is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.