Guideline Value for B.K.R Layout 3rd Street

B.K.R Layout 3rd Street guideline value

The current guideline value of B.K.R Layout 3rd 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 Layout 3rd Street has changed

The guideline value for B.K.R Layout 3rd Street has seen 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, marking a rise of 72%. However, this value dropped to Rs 569 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 850 per sq.ft, which then increased by 10% to reach the current rate of Rs 935 per sq.ft in 2024.

Between 2017 and 2023, the value rose significantly by 49%. Overall, from 2007 to 2024, the guideline value has increased by 89%. The register has no 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. The median guideline value in this area is Rs 880 per sq.ft, placing B.K.R Layout 3rd Street's value above that median.

• B.K.R Colony Kuravan valasu: Rs 702 per sq.ft (2024)
• B.K R Layout 4th Street: Rs 935 per sq.ft (2024)
• B.K R Layout 5th Street: Rs 935 per sq.ft (2024)
• B.K.R Colony Ist street: Rs 935 per sq.ft (2024)
• B.K.R Layout 7th 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 3rd 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 fees to 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 further calculations.

Which Sub Registrar Office covers B.K.R Layout 3rd Street?

The Sub Registrar Office that covers B.K.R Layout 3rd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 a crucial factor in the registration process when buying or selling property in Ward - O. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the authorities.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of B.K.R Layout 3rd Street?

The current guideline value of B.K.R Layout 3rd 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 and registration fees for a property in B.K.R Layout 3rd Street?

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.

Which Sub Registrar Office handles registrations for B.K.R Layout 3rd Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for B.K.R Layout 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of B.K.R Layout 3rd Street?

B.K.R Layout 3rd Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.