Guideline Value for B.K.R Colony Ist street

B.K.R Colony Ist street guideline value

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

How the guideline value of B.K.R Colony Ist street has changed

The guideline value for B.K.R Colony Ist street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 495 per sq.ft. This increased to Rs 850 per sq.ft in 2012, marking a 72% rise. However, by 2017, the value dropped to Rs 569 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 850 per sq.ft, which then rose to Rs 935 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 89%. It is important to note that there are no recorded figures for the years 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, with a median value of Rs 880 per sq.ft. The guideline value for B.K.R Colony Ist street is above this median.

• B.K.R.Colony IInd Street: Rs 935 per sq.ft (2024)
• B.K.R Colony 6th Street: Rs 935 per sq.ft (2024)
• B.K.R Colony Kuravan valasu: Rs 702 per sq.ft (2024)
• B.K.R Colony: Rs 935 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 Ist street

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total 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. It is important to 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 Ist street?

The Sub Registrar Office that covers B.K.R Colony Ist 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 further assistance.

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

The guideline value is an essential factor during property registration in Ward - O. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of B.K.R Colony Ist street?

The current guideline value of B.K.R Colony Ist 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 is the land classification for B.K.R Colony Ist street?

B.K.R Colony Ist street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, with a stamp duty of Rs 65,450 and a registration fee of Rs 18,700, totaling Rs 84,150.

Which office handles property registrations for B.K.R Colony Ist street?

The Tiruppur Joint II Sub Registrar Office handles property registrations for B.K.R Colony Ist street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.