Guideline Value for BAGAVAN NAGAR

Bagavan Nagar guideline value

The current guideline value of Bagavan Nagar is Rs 703 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village and is classified as Residential Class III Type - II. The guideline value is set by the Tiruppur Joint II SRO.

How the guideline value of Bagavan Nagar has changed

The guideline value for Bagavan Nagar has seen significant changes over the years. In 2007, the value was Rs 155 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it then decreased to Rs 234 per sq.ft in 2017. The value saw a substantial rise to Rs 700 per sq.ft in 2023, and currently stands at Rs 703 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 354%. The changes between the revisions show that from 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 199%. The most recent revision from 2023 to 2024 shows no change in the guideline value.

Guideline values in Ward - F

In Ward - F, there are a total of 163 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median guideline value in this ward is Rs 706 per sq.ft, making Bagavan Nagar's current value of Rs 703 per sq.ft slightly below the median.

• BAGAVATHI AMMAN KOIL street: Rs 701 per sq.ft (2024)
• Bagavathi Nagar: Rs 704 per sq.ft (2024)
• A.S Pandit Nagar East: Rs 705 per sq.ft (2024)
• A.S Pandit Nagar: Rs 705 per sq.ft (2024)
• Andikkadu (Karumarampalayam): Rs 705 per sq.ft (2024)
• Anaikadu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, and the registration fee at 2% would be Rs 14,060, totaling Rs 63,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagavan Nagar?

The Sub Registrar Office covering Bagavan Nagar 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 - F

The guideline value is a crucial factor when registering property transactions in Ward - F. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buyers and sellers engage in a transaction, the guideline value is used to determine the official value of the property for registration purposes. This value is essential for legal documentation and ensures transparency in property dealings.

Frequently asked questions

What is the current guideline value of Bagavan Nagar?

The current guideline value of Bagavan Nagar is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 155 per sq.ft to Rs 703 per sq.ft in 2024, marking an overall increase of 354%.

What is the median guideline value in Ward - F?

The median guideline value in Ward - F is Rs 706 per sq.ft, with Bagavan Nagar's current value being slightly below this median at Rs 703 per sq.ft.

What are the stamp duty and registration fees for property in Bagavan Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,270.

Which office handles property registrations for Bagavan Nagar?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Bagavan Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.