Guideline Value for B.S.S ROAD 1ST STREET

B.S.S Road 1st Street guideline value

The current guideline value of B.S.S Road 1st Street is Rs 3,360 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village under the Tiruppur Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of B.S.S Road 1st Street has changed

The guideline value for B.S.S Road 1st Street has undergone several revisions over the years. In the 2017 revision, the value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a significant change of 49%. The latest revision in 2024 set the value at Rs 3,360 per sq.ft, reflecting a 12% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also recorded a value of Rs 3,000 per sq.ft, which was a decrease of 33% from the 2007 revision value of Rs 2,590 per sq.ft. The 2007 revision saw an increase of 16% from the earlier years. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing the guideline value of B.S.S Road 1st Street above this median.

• B.S.S Nagar Cross Street: Rs 3,360 per sq.ft (2024)
• B.S.S ROAD 1st to 3rd CROSS STREET: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar: Rs 3,360 per sq.ft (2024)
• B.S.Sundaram Road (Main Road): Rs 3,360 per sq.ft (2024)
• Bridgeway Colony (L.R.G.Layout): Rs 1,680 per sq.ft (2024)
• Bridgeway Colony (Fabrication Road): Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in B.S.S Road 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,360 per sq.ft, the guideline value amounts to Rs 33,60,000. The stamp duty at 7% would be Rs 2,35,200, and the registration fee at 2% would be Rs 67,200, totaling Rs 3,02,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.S.S Road 1st Street?

The B.S.S Road 1st Street falls under the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is assessed to ensure that the transaction is aligned with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of B.S.S Road 1st Street?

The current guideline value of B.S.S Road 1st Street is Rs 3,360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, and now to Rs 3,360 per sq.ft in 2024. There were also previous revisions in 2012 and 2007 that affected the values.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,60,000, the stamp duty would be Rs 2,35,200 and the registration fee would be Rs 67,200, totaling Rs 3,02,400.

Which Sub Registrar Office is responsible for B.S.S Road 1st Street?

The Tiruppur Joint I Sub Registrar Office covers B.S.S Road 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of B.S.S Road 1st Street?

B.S.S Road 1st Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.