Guideline Value for B.K R Layout 5th Street

B.K R Layout 5th Street guideline value

The current guideline value of B.K R Layout 5th Street is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Ward - O village, under the Tiruppur Joint II SRO, and is classified as Commercial Class I Type - I.

How the guideline value of B.K R Layout 5th Street has changed

The guideline value for B.K R Layout 5th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 495 per sq.ft, which increased to Rs 850 per sq.ft in 2012. However, there was a decrease to Rs 569 per sq.ft in 2017. The value then rose significantly to Rs 850 per sq.ft in 2023, before reaching the current rate of Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 89%. It is important to note that the register has no figure for this street for the years 2002 and 2003.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing B.K R Layout 5th Street above this median.

• B.K R Layout 4th Street: Rs 935 per sq.ft (2024)
• B.K.R Layout 7th Street: Rs 935 per sq.ft (2024)
• B.K.R Layout 3rd Street: Rs 935 per sq.ft (2024)
• B.K.R Colony Kuravan valasu: Rs 702 per sq.ft (2024)
• B.K.R Colony Ist street: Rs 935 per sq.ft (2024)
• B.K.R.Colony IInd Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in B.K R Layout 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. 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 details.

Which Sub Registrar Office covers B.K R Layout 5th Street?

The Sub Registrar Office that covers B.K R Layout 5th Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - O

The guideline value plays a crucial role during the registration of property transactions in Ward - O. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of B.K R Layout 5th Street?

The current guideline value of B.K R Layout 5th Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, showing an overall increase of 89% over the years.

What are the stamp duty rates applicable in B.K R Layout 5th Street?

The stamp duty rate for property transactions in B.K R Layout 5th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for B.K R Layout 5th Street located?

The Sub Registrar Office for B.K R Layout 5th Street is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the median guideline value in Ward - O?

The median guideline value in Ward - O is Rs 880 per sq.ft, with B.K R Layout 5th Street's 2024 figure of Rs 935 per sq.ft being above this median.