Guideline Value for Big Bazar Street Back Side

Big Bazar Street Back Side guideline value

The current guideline value of Big Bazar Street Back Side is Rs 1,820 per sq.ft, effective from 1 July 2024. This property is located in Dharapuram Ward 5 village, under the Dharapuram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Big Bazar Street Back Side has changed

The guideline value for Big Bazar Street Back Side has seen significant changes over the years. In 2002, the value was Rs 307 per sq.ft, which increased to Rs 349 per sq.ft in 2003. The next recorded revision was in 2012, where the value remained at Rs 1,650 per sq.ft. However, it dropped to Rs 1,105 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 1,650 per sq.ft, followed by another increase in 2024 to the current value of Rs 1,820 per sq.ft.

Between the revisions, the changes were notable. From 2002 to 2003, there was an increase of 14%. The value then rose dramatically by 373% from 2003 to 2012. After the drop of 33% from 2012 to 2017, the value increased by 49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 493%. The register has no figure for this street in 2007.

Guideline values in Dharapuram Ward 5

In Dharapuram Ward 5, there are 40 streets that carry a 2024 guideline value, ranging from Rs 575 to Rs 1,820 per sq.ft, with a median value of Rs 1,080 per sq.ft. The guideline value of Big Bazar Street Back Side is above this median.

• Big Bazar Street: Rs 1,820 per sq.ft (2024)
• Bajanaimadam West Street: Rs 1,080 per sq.ft (2024)
• Bajanaimadam South Street: Rs 1,080 per sq.ft (2024)
• Bajanaimadam Nadutheru: Rs 1,080 per sq.ft (2024)
• Anuppar 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 Back Side

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, and the registration fee at 2% would be Rs 36,400, totaling Rs 1,63,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Big Bazar Street Back Side?

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

How the guideline value is used when you buy or sell in Dharapuram Ward 5

The guideline value is a crucial factor during the registration of property transactions in Dharapuram Ward 5. It serves as a reference point for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Big Bazar Street Back Side?

The current guideline value of Big Bazar Street Back Side 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 307 per sq.ft in 2002 to Rs 1,820 per sq.ft in 2024, reflecting an overall increase of 493% over this period.

What is the registration fee for property in Big Bazar Street Back Side?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 18,20,000, the registration fee would be Rs 36,400.

Which office is responsible for property registration in Dharapuram Ward 5?

The Dharapuram Sub Registrar Office is responsible for property registration in Dharapuram Ward 5, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the stamp duty calculated for properties in Dharapuram Ward 5?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price of the property. This ensures that the appropriate amount is charged during the registration process.