Guideline Value for BHAGAVATHI NAGAR

Bhagavathi Nagar guideline value

The current guideline value of Bhagavathi Nagar is Rs 709 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class IV Type - I.

How the guideline value of Bhagavathi Nagar has changed

The guideline value for Bhagavathi Nagar has seen significant changes over the years. In the 2012 revision, the value was Rs 180 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking an increase of 289%. The most recent revision in 2024 has set the value at Rs 709 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 294%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, which is the same as the current guideline value for Bhagavathi Nagar.

• Bharathi Nagar: Rs 722 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Bhagavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, making the total charges together Rs 63,810. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhagavathi Nagar?

Bhagavathi Nagar is covered by 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 Veerapandi

The guideline value is an important factor during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the registration process is transparent and standardized. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Bhagavathi Nagar?

The current guideline value of Bhagavathi Nagar is Rs 709 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 294%, from Rs 180 per sq.ft to Rs 709 per sq.ft in 2024.

What is the land classification of Bhagavathi Nagar?

Bhagavathi Nagar is classified as Residential Class IV Type - I under the Nallur_Tiruppur SRO.

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

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630 at a rate of 7%.