Guideline Value for B.K.R Colony

B.K.R Colony guideline value

The current guideline value for B.K.R Colony, located in Ward - O village under the Tiruppur Joint II SRO, is Rs 935 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - I land classification.

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

The guideline value for B.K.R Colony has undergone 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. However, it decreased by 33% to Rs 569 per sq.ft in 2017. The value saw a significant increase of 49% to Rs 850 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 935 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 89%. The changes between the revisions highlight the fluctuations in property valuation in this area, indicating a dynamic real estate environment.

Guideline values in Ward - O

In Ward - O, there are 177 streets that carry 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 is above this median.

• B.K.R Colony 6th Street: 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

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, 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.K.R Colony?

The B.K.R Colony falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - O. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

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

The current guideline value of B.K.R Colony 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?

B.K.R Colony is classified under Commercial Class I Type - I, which is significant for determining its usage and valuation.

What are the stamp duty and registration fees for a property in B.K.R Colony?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

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

The Sub Registrar Office covering B.K.R Colony is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.