Guideline Value for BAGAVATHI NAGAR

Bagavathi Nagar guideline value

The current guideline value of Bagavathi Nagar is Rs 704 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village and is classified as Residential Class II Type - II. The guideline value is set by the Tiruppur Joint II SRO.

How the guideline value of Bagavathi Nagar has changed

The guideline value for Bagavathi Nagar has seen significant changes over the years. Starting from Rs 155 per sq.ft in 2007, it increased to Rs 400 per sq.ft in 2012, marking a substantial rise of 158%. However, it then decreased to Rs 268 per sq.ft in 2017, a decline of 33%. The value surged dramatically to Rs 700 per sq.ft in 2023, reflecting a 161% increase, and currently stands at Rs 704 per sq.ft in 2024, a modest rise of 1%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 354%.

Guideline values in Ward - F

In Ward - F, there are 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 area is Rs 706 per sq.ft, placing Bagavathi Nagar's current value slightly below this median.

• BAGAVATHI AMMAN KOIL street: Rs 701 per sq.ft (2024)
• Bagavan Nagar: Rs 703 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 Bagavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value amounts to Rs 7,04,000. The stamp duty at 7% would be Rs 49,280, and the registration fee at 2% would be Rs 14,080, totaling Rs 63,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagavathi Nagar?

The Sub Registrar Office that covers Bagavathi Nagar is the Tiruppur Joint II 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 - F

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - F. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is considered alongside the sale price, with the higher value being the basis for calculating the applicable duties and fees. This ensures that all property transactions are fairly assessed and recorded.

Frequently asked questions

What is the current guideline value of Bagavathi Nagar?

The current guideline value of Bagavathi Nagar is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 155 per sq.ft in 2007 to Rs 704 per sq.ft in 2024, reflecting a total increase of 354% over the years.

What is the stamp duty for property in Bagavathi Nagar?

The stamp duty for property in Bagavathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher.

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

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

What are the other streets in Ward - F?

Other streets in Ward - F include BAGAVATHI AMMAN KOIL street, Bagavan Nagar, A.S Pandit Nagar East, A.S Pandit Nagar, Andikkadu (Karumarampalayam), and Anaikadu, each with their respective guideline values for 2024.