Guideline Value for B T R NAGAR

B T R Nagar guideline value

The current guideline value of B T R Nagar, located in Velampalayam village, is Rs 716 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification within the Tiruppur Joint II SRO.

How the guideline value of B T R Nagar has changed

The guideline value for B T R Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 630 per sq.ft, which was then reduced to Rs 422 per sq.ft in 2017. The value increased significantly to Rs 630 per sq.ft in 2023, followed by a further increase to Rs 716 per sq.ft in 2024, marking a 14% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 14%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with 2024 guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for the village is Rs 711 per sq.ft, placing B T R Nagar's 2024 figure above this median.

• B T R Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Chandhira Vadhana: Rs 890 per sq.ft (2024)
• Boobathi Nagar: Rs 714 per sq.ft (2024)
• Chellammal Colony: Rs 770 per sq.ft (2024)
• Chellammal Colony 1st Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 2nd Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in B T R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 716 per sq.ft, the total guideline value amounts to Rs 7,16,000. The stamp duty, charged at 7%, would be Rs 50,120, while the registration fee at 2% would be Rs 14,320, bringing the total cost for these fees to Rs 64,440. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers B T R Nagar?

B T R Nagar falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property in Velampalayam, both the buyer and seller should be aware of the current guideline value, as it directly affects the financial obligations during the registration process. This value helps in assessing the fair value of the property being transacted.

Frequently asked questions

What is the current guideline value of B T R Nagar?

The current guideline value of B T R Nagar is Rs 716 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 630 per sq.ft in 2012 to Rs 422 per sq.ft in 2017, then increased to Rs 630 per sq.ft in 2023, and finally to Rs 716 per sq.ft in 2024.

What is the land classification of B T R Nagar?

B T R Nagar is classified as Residential Special Type - I under the land classification regulations.

Where can I find the registration office for B T R Nagar?

The registration office for B T R Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What factors influence the stamp duty and registration fees?

The stamp duty and registration fees are influenced by the guideline value of the property, which serves as the basis for calculating these fees. The duty is charged on the higher of the guideline value or the sale price.