Guideline Value for B.K.R Colony 6th Street

B.K.R Colony 6th Street guideline value

The current guideline value of B.K.R Colony 6th 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, classified as Commercial Class I Type - I.

How the guideline value of B.K.R Colony 6th Street has changed

The guideline value for B.K.R Colony 6th Street has seen several revisions over the years. In 2007, the value was Rs 495 per sq.ft, which increased to Rs 850 per sq.ft in 2012, marking a significant rise of 72%. However, from 2012 to 2017, the value decreased by 33% to Rs 569 per sq.ft. The value then increased substantially to Rs 850 per sq.ft in 2023, followed by a further increase of 10% to Rs 935 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 89%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value in this area is Rs 880 per sq.ft, making the 2024 figure for B.K.R Colony 6th Street above that median.

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

Stamp duty and registration fee for property in B.K.R Colony 6th Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.K.R Colony 6th Street?

The B.K.R Colony 6th Street falls under 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 is an essential factor in the registration process when buying or selling property in Ward - O. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the costs involved.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. This ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of B.K.R Colony 6th Street?

The current guideline value of B.K.R Colony 6th 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, reflecting an overall increase of 89% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 84,150, based on the current guideline value of Rs 9,35,000.

Which Sub Registrar Office covers B.K.R Colony 6th Street?

The Tiruppur Joint II Sub Registrar Office covers B.K.R Colony 6th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of B.K.R Colony 6th Street?

B.K.R Colony 6th Street is classified as Commercial Class I Type - I under the current guidelines.