Guideline Value for Big Bazaar Street Lane

Big Bazaar Street Lane guideline value

The current guideline value of Big Bazaar Street Lane is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - II.

How the guideline value of Big Bazaar Street Lane has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,250 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The 2023 revision marked a rise to Rs 4,500 per sq.ft, followed by a further increase to Rs 5,100 per sq.ft in 2024, reflecting a 13% change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 308%. The revisions from 2012 to 2017 saw a decrease of 33%, while the increase from 2017 to 2023 was 49%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,800 per sq.ft, with a median value of Rs 1,800 per sq.ft. Big Bazaar Street Lane's 2024 figure is above this median.

• Big Bazaar Street Main: Rs 6,800 per sq.ft (2024)
• Bellam Krishnan Chetty Street Main: Rs 2,900 per sq.ft (2024)
• Bellam Krishnan Chetty Street Lane: Rs 1,800 per sq.ft (2024)
• Baskara Naidu Lane 2: Rs 2,100 per sq.ft (2024)
• Baskara Naidu Lane 1: Rs 2,100 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazaar Street Lane

For a 1,000 sq.ft plot at the current rate of Rs 5,100 per sq.ft, the guideline value would be Rs 51,00,000. The stamp duty at 7% would amount to Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, totaling Rs 4,59,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Big Bazaar Street Lane?

The Sub Registrar Office covering Big Bazaar Street Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. To find your SRO, you can use the provided link.

How the guideline value is used when you buy or sell in Ward-2

The guideline value is a crucial factor in property transactions in Ward-2. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Big Bazaar Street Lane?

The current guideline value of Big Bazaar Street Lane is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 5,100 per sq.ft in 2024, representing an overall increase of 308% over the years.

What are the stamp duty and registration fees for property in Big Bazaar Street Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,59,000, based on the guideline value of Rs 51,00,000.

Which Sub Registrar Office covers this area?

The Coimbatore North Joint 1 Sub Registrar Office covers Big Bazaar Street Lane, located on Syryan Church Road, Coimbatore.

What is the land classification of Big Bazaar Street Lane?

Big Bazaar Street Lane is classified as Commercial Special Type - II, which affects its guideline value and potential uses.