Guideline Value for BAGAVATHI AMMAN NAGAR

Bagavathi Amman Nagar guideline value

The current guideline value of Bagavathi Amman Nagar is Rs 707 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class I Type - I and falls under the Tiruppur Joint II SRO.

How the guideline value of Bagavathi Amman Nagar has changed

The guideline value for Bagavathi Amman Nagar has seen several revisions over the years. In 2007, the value was Rs 375 per sq.ft, which increased to Rs 510 per sq.ft in 2012. However, there was a decline to Rs 342 per sq.ft in 2017. Following this, the value significantly rose to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 707 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 105%. The change from 2023 to 2024 is a modest increase of 1%. Overall, from 2007 to 2024, the guideline value has increased by 89%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 880 per sq.ft. The median value for these streets is Rs 709 per sq.ft, making the 2024 figure for Bagavathi Amman Nagar below this median.

• Balamurugan Colony: Rs 711 per sq.ft (2024)
• Balamurugan Layout: Rs 711 per sq.ft (2024)
• Balamurugan Layout 1st Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 2nd Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 3rd Street: Rs 711 per sq.ft (2024)
• Balamurugan Layout 4th Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathi Amman Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,07,000. The stamp duty at 7% would be Rs 49,490, and the registration fee at 2% would be Rs 14,140, making the total Rs 63,630. 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 more details.

Which Sub Registrar Office covers Bagavathi Amman Nagar?

The Sub Registrar Office that covers Bagavathi Amman Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value per sq.ft is used to calculate the total value of the property, which in turn determines the applicable stamp duty and registration fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Bagavathi Amman Nagar?

The current guideline value of Bagavathi Amman Nagar is Rs 707 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2007 to Rs 707 per sq.ft in 2024, with several revisions in between, including a significant increase of 105% from 2017 to 2023.

What is the land classification for Bagavathi Amman Nagar?

Bagavathi Amman Nagar is classified under Residential Class I Type - I, which indicates its suitability for residential development.

How is the stamp duty calculated for properties in Bagavathi Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a stamp duty of Rs 49,490.

Where can I find the Sub Registrar Office for Bagavathi Amman Nagar?

The Sub Registrar Office for Bagavathi Amman Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.