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Guideline Value

Corporate

Guideline Value for BHAVANI NAGAR 2ND CROSS STREET

₹840/sq.ft.

The guideline value for Bhavani Nagar 2nd Cross Street in Ward - E village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - E

Village

Tiruppur Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹440 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bhavani Nagar 2nd Cross Street

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Bhavani Nagar 2nd Cross Street guideline value

The current guideline value of Bhavani Nagar 2nd Cross Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in the village of Ward - E under the Tiruppur Joint I SRO, and it is classified as Residential Class IV Type - I.

How the guideline value of Bhavani Nagar 2nd Cross Street has changed

Over the years, the guideline value of Bhavani Nagar 2nd Cross Street has seen several revisions. The 2007 revision recorded a guideline value of Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft. The 2023 revision marked a significant increase to Rs 750 per sq.ft, followed by a further increase to Rs 840 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, the guideline value rose by 70% from 2007 to 2012, decreased by 33% from 2012 to 2017, then increased by 49% from 2017 to 2023, and finally saw a rise of 12% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 91%.

Guideline values in Ward - E

In Ward - E, the guideline values for 171 streets under the Tiruppur Joint I SRO range from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 840 per sq.ft. Bhavani Nagar 2nd Cross Street's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Bhavani Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. 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 Bhavani Nagar 2nd Cross Street?

The Sub Registrar Office that covers Bhavani Nagar 2nd Cross Street is 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 information.

How the guideline value is used when you buy or sell in Ward - E

When buying or selling property in Ward - E, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the registration department and is used as a benchmark for property transactions in the area.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Nagar 2nd Cross Street?

The current guideline value of Bhavani Nagar 2nd Cross Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 91% over the years.

What are the stamp duty rates for property in Bhavani Nagar 2nd Cross Street?

The stamp duty rate for property transactions in Bhavani Nagar 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bhavani Nagar 2nd Cross Street located?

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

What is the land classification for Bhavani Nagar 2nd Cross Street?

Bhavani Nagar 2nd Cross Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.