Guideline Value for BHAVANI NAGAR EAST EXTENSION

Bhavani Nagar East Extension guideline value

The current guideline value of Bhavani Nagar East 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 East Extension has changed

The guideline value for Bhavani Nagar East Extension has seen several revisions over the years. The 2007 revision set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, this value decreased to Rs 502 per sq.ft in 2017. The 2023 revision raised it to Rs 750 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 91%. The register does not contain figures for the years 2002 and 2003 for this street.

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. The median value is Rs 840 per sq.ft, placing Bhavani Nagar East Extension at this median value.

• Bhavani Nagar East 1st Street: Rs 840 per sq.ft (2024)
• Bhavani Nagar East, Moorthi Nagar: Rs 840 per sq.ft (2024)
• Bhavani Nagar Cross St: Rs 840 per sq.ft (2024)
• Bhavani Nagar Extension: Rs 840 per sq.ft (2024)
• Bhavani Nagar Cross Extension: Rs 840 per sq.ft (2024)
• Bhavani Nagar Extension North: Rs 840 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling 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 information.

Which Sub Registrar Office covers Bhavani Nagar East Extension?

The Sub Registrar Office that covers Bhavani Nagar East Extension 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 details.

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

The guideline value is an important factor in property transactions within Ward - E. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Bhavani Nagar East 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, marking an overall increase of 91% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,40,000, the 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 East Extension?

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

Are there other streets with the same guideline value in Ward - E?

Yes, several other streets in Ward - E have the same guideline value of Rs 840 per sq.ft, including Bhavani Nagar East 1st Street, Moorthi Nagar, and others.