Guideline Value for Bujinga Gowder Street (Ward 2)

Bujinga Gowder Street (Ward 2) guideline value

The current guideline value of Bujinga Gowder Street (Ward 2) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village under the Mettupalayam SRO, classified as Residential Class II Type - I.

How the guideline value of Bujinga Gowder Street (Ward 2) has changed

The guideline value of Bujinga Gowder Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, before returning to Rs 800 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure at Rs 800 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. In contrast, the change from the 2012 revision to the 2017 revision was a decrease of 33%. Overall, when comparing the values from 2012 to 2024, there has been no change, with the guideline value remaining at Rs 800 per sq.ft.

Guideline values in Karamadai

In Karamadai village, there are 180 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 340 to Rs 1,680 per sq.ft. The median value among these streets is Rs 800 per sq.ft, making Bujinga Gowder Street's 2024 figure equal to this median.

• Cheran Nagar: Rs 785 per sq.ft (2024)
• Chettiar street (Ward 11): Rs 1,120 per sq.ft (2024)
• Coffee Gudan Street (Ward 19): Rs 800 per sq.ft (2024)
• Coimbatore mainroad (Ward 13): Rs 1,680 per sq.ft (2024)
• Coimbatore Mettupalayam Main Road (Ward 2): Rs 1,680 per sq.ft (2024)
• Cycle Shop Ramasamy Street (Ward 18): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Bujinga Gowder Street (Ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bujinga Gowder Street (Ward 2)?

The Sub Registrar Office that covers Bujinga Gowder Street (Ward 2) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Karamadai

The guideline value plays a crucial role when buying or selling property in Karamadai. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bujinga Gowder Street (Ward 2)?

The current guideline value of Bujinga Gowder Street (Ward 2) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Bujinga Gowder Street (Ward 2)?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a notable decrease to Rs 536 per sq.ft in 2017, followed by a return to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification of Bujinga Gowder Street (Ward 2)?

Bujinga Gowder Street (Ward 2) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Bujinga Gowder Street (Ward 2)?

The registration office for Bujinga Gowder Street (Ward 2) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is stamp duty calculated for properties in Karamadai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.