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-4 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - II.

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 the 2007 revision, the value was Rs 3,500 per sq.ft. This increased to Rs 6,000 per sq.ft in the 2012 revision, marking a significant rise of 71%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 6,000 per sq.ft, before it was revised again to Rs 6,800 per sq.ft in 2024, which is an increase of 13% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 94%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward-4

In Ward-4, there are 24 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 10,700 per sq.ft, with a median value of Rs 3,500 per sq.ft. Big Bazaar Street Main's 2024 guideline value is significantly above this median.

• Chetty Street Lane: Rs 1,900 per sq.ft (2024)
• Chetty Street Main: Rs 2,300 per sq.ft (2024)
• Chinna kadai Street: Rs 5,600 per sq.ft (2024)
• Chinna Kadai Street (Out side) Lane: Rs 5,600 per sq.ft (2024)
• Chinna Kadai Street (Out side) Main: Rs 5,600 per sq.ft (2024)
• Kamatchiamman Kovil Street Lane: Rs 1,900 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 would be 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our 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. To find your SRO, click here.

How the guideline value is used when you buy or sell in Ward-4

The guideline value is a critical factor in property transactions in Ward-4. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. It is essential to consult the latest guideline values to understand the financial implications of buying or selling property in this area.

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 3,500 per sq.ft in 2007 to Rs 6,800 per sq.ft in 2024. The most significant change was from 2012 to 2017 when it decreased, but it has generally increased since then.

What are the guideline values of other streets in Ward-4?

Other streets in Ward-4 have varying guideline values, ranging from Rs 1,900 to Rs 10,700 per sq.ft. Big Bazaar Street Main's value is above the median of Rs 3,500 per sq.ft for the area.

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

The stamp duty is 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 6,12,000, including both fees.

Which Sub Registrar Office covers Big Bazaar Street Main?

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