Guideline Value for Big Bazaar Street (South Side) Main

Big Bazaar Street (South Side) Main guideline value

The current guideline value of Big Bazaar Street (South Side) Main is Rs 5,600 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO, and it falls under the land classification of Commercial Special Type - II.

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

Over the years, the guideline value for Big Bazaar Street (South Side) Main has seen significant changes. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 3,350 per sq.ft in 2017. The 2023 revision raised it to Rs 5,000 per sq.ft, and the most recent 2024 revision shows an increase of 12% to Rs 5,600 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, 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, positioning Big Bazaar Street (South Side) Main above this median.

• Big Bazaar Street (South Side) Lane: Rs 3,900 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) Main

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value would be Rs 56,00,000. The stamp duty at 7% would amount to Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, bringing the total fees together to Rs 5,04,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Big Bazaar Street (South Side) Main 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 in the registration process of property transactions in Ward-3. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during property transfers.

When a property is bought or sold, the guideline value is used to determine the minimum value on which stamp duty is calculated. This ensures transparency and fairness in the registration process, aligning the transaction with government regulations.

Frequently asked questions

What is the current guideline value of Big Bazaar Street (South Side) Main?

The current guideline value of Big Bazaar Street (South Side) Main is Rs 5,600 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 1,200 per sq.ft in 2007 to Rs 5,600 per sq.ft in 2024, reflecting an overall increase of 367% over the years.

What are the other streets in Ward-3?

Other streets in Ward-3 include Big Bazaar Street (South Side) Lane, Batharakaliamman Kovil Street, Ayyasamay Koil Street, Ashok Nagar, Bye-pass Road, and Arul jothi Nagar, each with their respective guideline values.

How is stamp duty calculated for properties in Big Bazaar Street (South Side) Main?

Stamp duty for properties in Big Bazaar Street (South Side) Main is calculated at 7% of the guideline value or sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.

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

The Sub Registrar Office for Big Bazaar Street (South Side) Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.