Guideline Value for Big Bazaar Street Main

Big Bazaar Street Main guideline value

The current guideline value of Big Bazaar Street Main is Rs 6,800 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO and is classified as Commercial Special Type - I.

How the guideline value of Big Bazaar Street Main has changed

The guideline value for Big Bazaar Street Main has seen several revisions over the years. In 2007, the value was Rs 3,200 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012, marking an increase of 88%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then rose significantly to Rs 6,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,800 per sq.ft, which is a 13% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 113%.

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. The guideline value for Big Bazaar Street Main is above this median.

• Big Bazaar Street Lane: Rs 5,100 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 Main

For a 1,000 sq.ft plot at the current guideline value of Rs 6,800 per sq.ft, the total guideline value amounts to Rs 68,00,000. The stamp duty at 7% would be Rs 4,76,000, and the registration fee at 2% would be Rs 1,36,000, totaling Rs 6,12,000. 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 Main?

The Sub Registrar Office that covers Big Bazaar Street 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When buying or selling property in Ward-2, the guideline value helps to establish a baseline for the transaction. It is essential for both parties to understand this value to facilitate a smooth registration process and avoid any potential disputes regarding fees.

Frequently asked questions

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

The current guideline value of Big Bazaar Street Main is Rs 6,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2007 to Rs 6,800 per sq.ft in 2024, reflecting an overall increase of 113% over the years.

What is the land classification for Big Bazaar Street Main?

Big Bazaar Street Main is classified as Commercial Special Type - I.

Where can I find the registration office for Big Bazaar Street Main?

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

How is the stamp duty calculated for property in Big Bazaar Street Main?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 4,76,000.