Guideline Value for B.K.R.NAGAR

B.K.R.Nagar guideline value

The current guideline value for B.K.R.Nagar, located in Ganapathy village under the Ganapathy SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

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

The guideline value for B.K.R.Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 837 per sq.ft, which increased to Rs 1,250 per sq.ft in the 2023 revision, marking a 49% increase. The latest 2024 revision has set the value at Rs 1,400 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a guideline value for 2024, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value in this village is Rs 1,120 per sq.ft, placing B.K.R.Nagar's 2024 value above this median.

• Bharathi Nagar.Ranganathar Veethi: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross: Rs 1,400 per sq.ft (2024)
• Bharathiar Road: Rs 1,400 per sq.ft (2024)
• Beemapuram: Rs 1,008 per sq.ft (2024)
• Balugardens Phase 1.2: Rs 1,010 per sq.ft (2024)
• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in B.K.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees together to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

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

The Sub Registrar Office that covers B.K.R.Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ganapathy

The guideline value is a critical factor during the registration process of property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

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

The current guideline value of B.K.R.Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 837 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, reflecting a total increase of 67% over this period.

What are the registration fees for a property in B.K.R.Nagar?

The registration fees for a property are calculated based on the guideline value. For a 1,000 sq.ft plot at Rs 1,400 per sq.ft, the total registration fees would be Rs 1,26,000.

Which office handles property registrations in B.K.R.Nagar?

The Ganapathy Sub Registrar Office handles property registrations for B.K.R.Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that the appropriate stamp duty and registration fees are collected. It plays a crucial role in the transparency of property transactions in Ganapathy.