Guideline Value for Big Bazar Street

Big Bazar Street guideline value

The current guideline value of Big Bazar Street in Dharapuram Ward 3 village, under the Dharapuram SRO, is Rs 1,820 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - I.

How the guideline value of Big Bazar Street has changed

The guideline value for Big Bazar Street has seen several revisions over the years. Starting from Rs 299 per sq.ft in 2002, it increased to Rs 330 per sq.ft in 2003, marking a 10% rise. The value then surged dramatically to Rs 1,105 per sq.ft in 2017, reflecting a 400% increase over the previous revision. However, it dropped to Rs 1,650 per sq.ft in 2012, a decrease of 33% from 2017. The value remained the same in 2023 at Rs 1,650 per sq.ft, before increasing by 10% to Rs 1,820 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 509%. The 2007 revision does not have a figure for this street in the register.

Guideline values in Dharapuram Ward 3

In Dharapuram Ward 3, there are 31 streets under the Dharapuram SRO with a guideline value for 2024 ranging from Rs 510 to Rs 1,820 per sq.ft. The median value for these streets is Rs 575 per sq.ft, placing Big Bazar Street's 2024 figure above this median.

• Big Bazar Street Backside: Rs 1,820 per sq.ft (2024)
• Atthar Majeeth Street: Rs 510 per sq.ft (2024)
• Attavanai Majeeth Street: Rs 510 per sq.ft (2024)
• Chairman Street: Rs 800 per sq.ft (2024)
• Jammal Pudur Street: Rs 575 per sq.ft (2024)
• Javulikadai pinpaguthi: Rs 1,770 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,820 per sq.ft, the total guideline value would be Rs 18,20,000. The stamp duty at 7% would amount to Rs 1,27,400, and the registration fee at 2% would be Rs 36,400, bringing the total fees to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Big Bazar Street?

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 details.

How the guideline value is used when you buy or sell in Dharapuram Ward 3

The guideline value is a crucial factor in property transactions in Dharapuram Ward 3. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Big Bazar Street?

The current guideline value of Big Bazar Street 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 from Rs 299 per sq.ft in 2002 to Rs 1,820 per sq.ft in 2024, reflecting an overall increase of 509% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

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

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

What are the other streets in Dharapuram Ward 3?

Other streets in Dharapuram Ward 3 include Big Bazar Street Backside, Atthar Majeeth Street, Attavanai Majeeth Street, Chairman Street, Jammal Pudur Street, and Javulikadai pinpaguthi, each with their respective guideline values.