Guideline Value for BANNARIAMMAN GARDEN (228)

Bannariamman Garden (228) guideline value

The current guideline value for Bannariamman Garden (228) is Rs 721 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, classified as Residential Class I Type - III.

How the guideline value of Bannariamman Garden (228) has changed

The guideline value of Bannariamman Garden (228) has seen several revisions over the years. The 2012 revision set the value at Rs 570 per sq.ft, which then decreased to Rs 382 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, marking an 83% rise. The most recent revision in 2024 brought the guideline value to Rs 721 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 26%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for the village is Rs 714 per sq.ft, placing Bannariamman Garden (228) above this median.

• Bhagavathi Amman Nagar: Rs 728 per sq.ft (2024)
• Bharathi Nagar: Rs 729 per sq.ft (2024)
• Balaji Nagar: Rs 714 per sq.ft (2024)
• Balabakkiya Nagar: Rs 728 per sq.ft (2024)
• Ayesha Nagar: Rs 704 per sq.ft (2024)
• A.V.T.Nagar: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Bannariamman Garden (228)

For a 1,000 sq.ft plot at the current guideline value of Rs 721 per sq.ft, the total guideline value amounts to Rs 7,21,000. The stamp duty at 7% would be Rs 50,470, and the registration fee at 2% would be Rs 14,420, bringing the total charges to Rs 64,890. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bannariamman Garden (228)?

The Sub Registrar Office that covers Bannariamman Garden (228) is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Nallur

The guideline value plays a crucial role in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bannariamman Garden (228)?

The current guideline value of Bannariamman Garden (228) is Rs 721 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2012 to Rs 721 per sq.ft in 2024. Notably, there was a significant increase of 83% from 2017 to 2023.

What is the median guideline value in Nallur?

The median guideline value for Nallur village is Rs 714 per sq.ft, with Bannariamman Garden (228) being above this median at Rs 721 per sq.ft.

What are the stamp duty and registration fees for a property in Bannariamman Garden (228)?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,21,000. The stamp duty would be Rs 50,470 and the registration fee would be Rs 14,420, totaling Rs 64,890.

Which Sub Registrar Office covers the property in Bannariamman Garden (228)?

The Nallur_Tiruppur Sub Registrar Office covers Bannariamman Garden (228), located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.