Guideline Value for BBC Nagar

BBC Nagar guideline value

The current guideline value of BBC Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for BBC Nagar is Residential Class I Type - I.

How the guideline value of BBC Nagar has changed

The guideline value for BBC Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 125 per sq.ft, which significantly increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 700%. Overall, from 2007 to 2024, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. BBC Nagar's 2024 guideline value is equal to this median.

• Bannariamman Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Garden: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Ward 5): Rs 1,100 per sq.ft (2024)
• Bharathi Nagar (Ward No. 18): Rs 1,000 per sq.ft (2024)
• Bharathi Nest Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Padmavathi Nagar: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers BBC Nagar?

The Sub Registrar Office that covers BBC Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Vadavalli

The guideline value is an important factor in the registration process when buying or selling property in Vadavalli. 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 is used to assess the applicable charges. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of BBC Nagar?

The current guideline value of BBC Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 125 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the land classification for BBC Nagar?

The land classification for BBC Nagar is Residential Class I Type - I, indicating its designation for residential use.

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

The Sub Registrar Office for BBC Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. It is part of the Coimbatore registration zone.

How is the stamp duty calculated for properties in BBC Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total fee of Rs 99,000, including stamp duty and registration fees.