Guideline Value for B.K.R.Colony IInd Street

B.K.R.Colony IInd Street guideline value

The current guideline value of B.K.R.Colony IInd 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, and it falls under the Commercial Class I Type - I land classification.

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

Over the years, the guideline value of B.K.R.Colony IInd Street has experienced several revisions. The earliest recorded figure is from 2007, which was Rs 495 per sq.ft. This increased to Rs 850 per sq.ft in 2012, followed by a decrease to Rs 569 per sq.ft in 2017. The value then rose significantly to Rs 850 per sq.ft in 2023, and the latest revision in 2024 shows a further increase to Rs 935 per sq.ft.

The changes between these revisions are noteworthy. From 2017 to 2023, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. In contrast, the period from 2007 to 2012 experienced a substantial increase of 72%. Overall, from 2007 to 2024, the guideline value has increased by 89%.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value is Rs 880 per sq.ft, placing B.K.R.Colony IInd Street above this median.

• B.K.R Colony 6th Street: Rs 935 per sq.ft (2024)
• B.K.R Colony Ist street: Rs 935 per sq.ft (2024)
• B.K.R Colony: 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 IInd 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, leading to a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

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

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

To locate your SRO, you can find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Ward - O. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This means that both buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of B.K.R.Colony IInd 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, with various revisions in between, including a decrease and subsequent increases.

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

B.K.R.Colony IInd Street is classified as Commercial Class I Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

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

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