Guideline Value for Big Bazar Street

Big Bazar Street guideline value

The current guideline value of Big Bazar Street, located in Dharapuram Ward 5 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 significant changes over the years. In the 2017 revision, the value was Rs 1,105 per sq.ft. This increased to Rs 1,650 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,820 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 65%.

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. The median value across these streets is Rs 1,080 per sq.ft, placing Big Bazar Street's 2024 figure above this median.

• Big Bazar Street Back Side: 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

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 to Rs 1,63,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 further assistance.

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

The guideline value is a crucial factor in property transactions in Dharapuram Ward 5. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property being transacted.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall costs involved in the registration process. This value is regularly updated to reflect changes in the market and local conditions.

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 much has the guideline value changed over the years?

The guideline value has changed from Rs 1,105 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2023, and then to Rs 1,820 per sq.ft in 2024, representing a total increase of 65% from 2017 to 2024.

What is the land classification for Big Bazar Street?

Big Bazar Street is classified as Commercial Special Type - I. This classification can affect the types of properties and businesses that may operate in the area.

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

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

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

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