Guideline Value for BHAGAVATHI AMMAN NAGAR

Bhagavathi Amman Nagar guideline value

The current guideline value of Bhagavathi Amman Nagar is Rs 728 per sq.ft, effective from 1 July 2024. This locality is situated in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bhagavathi Amman Nagar has changed

The guideline value for Bhagavathi Amman Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This figure rose to Rs 700 per sq.ft in the 2023 revision, marking a substantial increase of 161% over six years. The most recent revision in 2024 has further increased the guideline value to Rs 728 per sq.ft, reflecting a 4% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Bhagavathi Amman Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 172%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft, with a median value of Rs 714 per sq.ft. The guideline value for Bhagavathi Amman Nagar is above this median.

• Bharathi Nagar: Rs 729 per sq.ft (2024)
• Bannariamman Garden (228): Rs 721 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 Bhagavathi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 728 per sq.ft, the total guideline value would be Rs 7,28,000. The stamp duty at 7% would amount to Rs 50,960, and the registration fee at 2% would be Rs 14,560, bringing the total costs together to Rs 65,520. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bhagavathi Amman Nagar?

The Bhagavathi Amman Nagar falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Nallur

The guideline value plays a crucial role during property transactions in Nallur, as it is used to determine the stamp duty and registration fees applicable to the property. When a property is bought or sold, the guideline value is considered to ensure that the correct fees are calculated based on the property's value.

Additionally, the guideline value serves as a benchmark for property transactions, helping to standardize the valuation process across different areas. This ensures transparency and consistency in property dealings within the Nallur_Tiruppur SRO jurisdiction.

Frequently asked questions

What is the current guideline value of Bhagavathi Amman Nagar?

The current guideline value of Bhagavathi Amman Nagar is Rs 728 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 728 per sq.ft in 2024, which is a total increase of 172% over this period.

What is the stamp duty rate for properties in Bhagavathi Amman Nagar?

The stamp duty rate for properties in Bhagavathi Amman Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Bhagavathi Amman Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

What are the guideline values of other streets in Nallur?

Other streets in Nallur have varying guideline values, with rates ranging from Rs 700 to Rs 1,764 per sq.ft. For example, Bharathi Nagar is Rs 729 per sq.ft, and Balaji Nagar is Rs 714 per sq.ft in 2024.