Guideline Value for BHAGAVATHIAMMAN NAGAR

Bhagavathiamman Nagar guideline value

The current guideline value of Bhagavathiamman Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Neruperichal village and falls under the Tiruppur Joint I SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Bhagavathiamman Nagar has changed

Looking back at the revisions, the guideline value for Bhagavathiamman Nagar was Rs 300 per sq.ft in 2012. It then decreased to Rs 201 per sq.ft in 2017. From 2017 to 2023, the value increased significantly by 251%, reaching Rs 705 per sq.ft. The 2023 revision maintained the same rate of Rs 705 per sq.ft, which has been carried into the 2024 revision.

For the years 2002, 2003, and 2007, the register contains no figures for this street. Overall, from 2012 to 2024, the guideline value has increased by 135%.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,008 per sq.ft. The median value is Rs 705 per sq.ft, which is the same as the current rate for Bhagavathiamman Nagar.

• Bharathi Nagar: Rs 705 per sq.ft (2024)
• Balaji Nagar: Rs 705 per sq.ft (2024)
• Balaji Gardern Extension: Rs 705 per sq.ft (2024)
• Balaji Garden: Rs 705 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar Extn: Rs 896 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar: Rs 875 per sq.ft (2024)

Stamp duty and registration fee for property in Bhagavathiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, making the total charges Rs 63,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bhagavathiamman Nagar?

The Bhagavathiamman Nagar area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Neruperichal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for calculating these fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bhagavathiamman Nagar?

The current guideline value of Bhagavathiamman Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then to Rs 705 per sq.ft in 2023 and 2024, with a significant increase of 251% from 2017 to 2023.

Which Sub Registrar Office covers Bhagavathiamman Nagar?

The Tiruppur Joint I Sub Registrar Office covers Bhagavathiamman Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Bhagavathiamman Nagar?

The land classification for Bhagavathiamman Nagar is Residential Class I Type - III.

How is stamp duty calculated for properties in Bhagavathiamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,05,000, leading to a stamp duty of Rs 49,350.