Guideline Value for Big Bazar Street

Big Bazar Street guideline value

The current guideline value of Big Bazar Street is Rs 1,820 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 4 village, under the Dharapuram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Big Bazar Street has changed

The guideline value of Big Bazar Street has seen significant changes over the years. In 2002, the value was Rs 270 per sq.ft, which increased to Rs 307 per sq.ft in 2003. The next revision was in 2012, where the value was Rs 1,650 per sq.ft, but it decreased to Rs 1,105 per sq.ft in 2017. The value rose again to Rs 1,650 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,820 per sq.ft. Notably, there is no figure available for this street in the 2007 revision.

From 2002 to 2024, the overall increase in the guideline value is 574%. The change from 2023 to 2024 reflects a 10% increase, while the jump from 2017 to 2023 shows a 49% increase. The decrease from 2012 to 2017 was 33%, and the increase from 2003 to 2012 was a remarkable 437%. Additionally, the value rose by 14% from 2002 to 2003.

Guideline values in Dharapuram Ward 4

In Dharapuram Ward 4, there are 55 streets that carry a 2024 guideline value, ranging from Rs 575 to Rs 1,820 per sq.ft, with a median value of Rs 770 per sq.ft. Big Bazar Street's 2024 figure is above this median.

• Chitharavuthanpalayam (Bybass Road): Rs 575 per sq.ft (2024)
• Dhevanga Street: Rs 1,330 per sq.ft (2024)
• Dhravidar Street: Rs 575 per sq.ft (2024)
• Govindaraj Layout: Rs 610 per sq.ft (2024)
• Iraichi Mashthan Nagar: Rs 575 per sq.ft (2024)
• Kaman Kovil Street: Rs 575 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 rate of Rs 1,820 per sq.ft, the guideline value totals 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, making the total 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 to estimate your costs.

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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Dharapuram Ward 4. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

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 of Big Bazar Street has changed several times, with the most recent revision in 2024 showing an increase from Rs 1,650 per sq.ft in 2023 to Rs 1,820 per sq.ft. Overall, from 2002 to 2024, the value has increased by 574%.

What is the land classification for Big Bazar Street?

Big Bazar Street is classified as Commercial Special Type - I, which indicates its use and zoning regulations within the area.

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

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

How is stamp duty calculated for properties in Big Bazar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 18,20,000 would incur a stamp duty of Rs 1,27,400 at a rate of 7%.