Guideline Value for BHAVANI NAGAR CROSS EXTENSION

Bhavani Nagar Cross Extension guideline value

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

How the guideline value of Bhavani Nagar Cross Extension has changed

The guideline value for Bhavani Nagar Cross Extension has seen several revisions over the years. In 2007, the value was Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, this was followed by a decrease to Rs 502 per sq.ft in 2017. The value then rose significantly to Rs 750 per sq.ft in 2023, and most recently to Rs 840 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 91%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with the median being Rs 840 per sq.ft. Bhavani Nagar Cross Extension's 2024 figure aligns with this median.

• Bhavani Nagar 2nd Cross Street: Rs 840 per sq.ft (2024)
• Bhavani Nagar Cross St: Rs 840 per sq.ft (2024)
• BHAVANI NAGAR 1St to3rd STREET: Rs 840 per sq.ft (2024)
• Bhavani Nagar East 1st Street: Rs 840 per sq.ft (2024)
• Bhavani Nagar: Rs 840 per sq.ft (2024)
• Bhavani Nagar East Extension: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Nagar Cross Extension

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 cost for these fees to Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavani Nagar Cross Extension?

The Sub Registrar Office that covers Bhavani Nagar Cross Extension is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - E

The guideline value is an important factor in the registration process for property transactions in Ward - E. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Nagar Cross Extension?

The current guideline value of Bhavani Nagar Cross Extension 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 and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which Sub Registrar Office covers Bhavani Nagar Cross Extension?

The Tiruppur Joint I Sub Registrar Office covers Bhavani Nagar Cross Extension, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Bhavani Nagar Cross Extension?

Bhavani Nagar Cross Extension is classified as Residential Class IV Type - I, indicating its intended use for residential development.