Guideline Value for B.K.Nagar

B.K.Nagar guideline value

The current guideline value of B.K.Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class IV Type - II.

How the guideline value of B.K.Nagar has changed

The guideline value for B.K.Nagar has undergone several revisions over the years. In 2017, the value was set at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw a slight increase to Rs 1,004 per sq.ft, which represents a 0% change from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistent revisions reflect changes in the property landscape in the region.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that B.K.Nagar's 2024 figure is below this median.

• Bharathiyar University Quarters: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,001 per sq.ft (2024)
• Bharathi Nest Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar (Ward No. 18): Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Ward 5): Rs 1,100 per sq.ft (2024)
• Bharathi Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in B.K.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty at 7% would amount to Rs 70,280, and the registration fee at 2% would be Rs 20,080, totaling Rs 90,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.K.Nagar?

B.K.Nagar falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.K.Nagar?

The current guideline value of B.K.Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,004 per sq.ft in 2024. Overall, this represents a 50% increase from 2017 to 2024.

What are the other streets in Vadavalli with their guideline values?

There are several other streets in Vadavalli with varying guideline values. For example, Bharathiyar University Quarters is valued at Rs 1,100 per sq.ft, while Bharathi Nagar (Ward No. 18) is at Rs 1,000 per sq.ft.

How is the stamp duty calculated for properties in B.K.Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property valued at Rs 10,04,000 would incur a stamp duty of Rs 70,280 at 7%.

Where is the Sub Registrar Office for B.K.Nagar located?

The Sub Registrar Office covering B.K.Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.