Guideline Value for Big Bazar Street (West side 1to156)

Big Bazar Street (West side 1to156) guideline value

The current guideline value for Big Bazar Street (West side 1to156) is Rs 1,820 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 6 village, under the Dharapuram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Big Bazar Street (West side 1to156) has changed

The guideline value for Big Bazar Street has undergone several revisions over the years. In 2002, the value was Rs 300 per sq.ft, which increased to Rs 337 per sq.ft in 2003, marking a 12% rise. The next available revision was in 2012, where the value was Rs 1,650 per sq.ft, showing a significant increase of 390% from the 2003 figure. However, this value dropped to Rs 1,105 per sq.ft in 2017, reflecting a decrease of 33%.

In 2023, the guideline value rose to Rs 1,650 per sq.ft, and the most recent revision in 2024 set it at Rs 1,820 per sq.ft, indicating a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 507%. Note that there is no figure for Big Bazar Street in the 2007 revision.

Guideline values in Dharapuram Ward 6

Dharapuram Ward 6 has a total of 63 streets under the Dharapuram SRO, with guideline values ranging from Rs 645 to Rs 1,820 per sq.ft. The median guideline value for this ward is Rs 1,330 per sq.ft, placing Big Bazar Street's 2024 figure above this median.

• Bharathiyar Street: Rs 1,330 per sq.ft (2024)
• Beemar New Agrakaram: Rs 800 per sq.ft (2024)
• Beemar Main Street: Rs 800 per sq.ft (2024)
• Beemar Agrakaram: Rs 800 per sq.ft (2024)
• Chiviyar Street: Rs 770 per sq.ft (2024)
• Church Street: Rs 1,380 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazar Street (West side 1to156)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,820 per sq.ft, the total guideline value amounts to Rs 18,20,000. The stamp duty at 7% would be Rs 1,27,400, while the registration fee at 2% would be Rs 36,400, bringing the total cost to Rs 1,63,800. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Big Bazar Street (West side 1to156)?

The Sub Registrar Office that covers Big Bazar Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value plays a crucial role in property transactions in Dharapuram Ward 6. It is used as a basis for calculating stamp duty and registration fees, which are mandatory during the registration of property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Big Bazar Street (West side 1to156)?

The current guideline value of Big Bazar Street (West side 1to156) is Rs 1,820 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 300 per sq.ft in 2002 to Rs 1,820 per sq.ft in 2024, with various revisions influencing its value over the years.

What are the other streets in Dharapuram Ward 6 with their guideline values?

Other streets in Dharapuram Ward 6 include Bharathiyar Street at Rs 1,330 per sq.ft, Beemar New Agrakaram at Rs 800 per sq.ft, and Church Street at Rs 1,380 per sq.ft, among others.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price during the registration process.

Where can I find the Sub Registrar Office for Big Bazar Street?

The Sub Registrar Office covering Big Bazar Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.