Guideline Value for BHAVANI NAGAR CROSS ST

Bhavani Nagar Cross St guideline value

The current guideline value for Bhavani Nagar Cross St 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, classified as Residential Class IV Type - I.

How the guideline value of Bhavani Nagar Cross St has changed

The guideline value for Bhavani Nagar Cross St has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 440 per sq.ft. This increased to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. The value saw a significant jump to Rs 750 per sq.ft in 2023, and most recently, it has risen to Rs 840 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 91%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Ward - E

In Ward - E, the guideline values range from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 840 per sq.ft. Bhavani Nagar Cross St's 2024 guideline value aligns with this median.

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

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

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, making the total cost for stamp duty and registration fees Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani Nagar Cross St?

Bhavani Nagar Cross St falls under 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 a critical factor in the registration process when buying or selling property in Ward - E. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Bhavani Nagar Cross St?

The current guideline value for Bhavani Nagar Cross St is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen several revisions: Rs 440 per sq.ft in 2007, Rs 750 per sq.ft in 2012, Rs 502 per sq.ft in 2017, Rs 750 per sq.ft in 2023, and currently Rs 840 per sq.ft in 2024.

What is the median guideline value in Ward - E?

The median guideline value in Ward - E is Rs 840 per sq.ft, which is the same as the current guideline value for Bhavani Nagar Cross St.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Bhavani Nagar Cross St located?

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