Guideline Value for BBC Nagar

BBC Nagar guideline value

The current guideline value of BBC Nagar, located in Kuniyamuthur village, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of BBC Nagar has changed

The guideline value for BBC Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a value of Rs 1,000 per sq.ft in 2023, which increased to Rs 1,002 per sq.ft in 2024, reflecting a change of +0% between these two years.

In summary, the guideline value progressed from Rs 1,000 per sq.ft in 2023 to Rs 1,002 per sq.ft in 2024. This increase is minimal and indicates stability in the guideline value for this street.

Guideline values in Kuniyamuthur

Kuniyamuthur has a total of 410 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median guideline value for the area is Rs 1,003 per sq.ft, placing the 2024 figure for BBC Nagar slightly below this median.

• Bay Bay nagar: Rs 1,002 per sq.ft (2024)
• Belle Gounder Street: Rs 1,003 per sq.ft (2024)
• Benthagostha Church Street: Rs 1,003 per sq.ft (2024)
• Bharathidasan Street: Rs 1,003 per sq.ft (2024)
• BandariBoyan Street: Rs 1,004 per sq.ft (2024)
• Balu Garden Phase II: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in BBC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total fees together to Rs 90,180. Please note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BBC Nagar?

The Sub Registrar Office that covers BBC Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 Kuniyamuthur

The guideline value is a crucial factor in the registration process when buying or selling property in Kuniyamuthur. 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 compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of BBC Nagar?

The current guideline value of BBC Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for BBC Nagar was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,002 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in BBC Nagar?

BBC Nagar is classified as Residential Class II Type - I, according to the local land classification standards.

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

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180. This is based on the current guideline value of Rs 1,002 per sq.ft.

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

The Sub Registrar Office for BBC Nagar is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.