Guideline Value for BHAVANI NAGAR EXTENSION NORTH

Bhavani Nagar Extension North guideline value

The current guideline value for Bhavani Nagar Extension North is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bhavani Nagar Extension North has changed

The guideline value for Bhavani Nagar Extension North has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 440 per sq.ft. This increased to Rs 750 per sq.ft in 2012, but then dropped to Rs 502 per sq.ft in 2017. The value saw a significant rise to Rs 750 per sq.ft in 2023, and further increased to Rs 840 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. The increase from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a notable 70%. Overall, from 2007 to 2024, the guideline value has increased by 91%. The register does not provide 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, which is the same as the 2024 figure for Bhavani Nagar Extension North.

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

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

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, totaling Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavani Nagar Extension North?

The Bhavani Nagar Extension North area is covered by 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 plays a crucial role during property registration in Ward - E. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When buying or selling property in this area, the guideline value must be considered to determine the applicable fees. This ensures transparency and consistency in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value for Bhavani Nagar Extension North?

The current guideline value for Bhavani Nagar Extension North 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 a total increase of 91% over this period.

What is the stamp duty rate for properties in Bhavani Nagar Extension North?

The stamp duty rate for properties in Bhavani Nagar Extension North is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bhavani Nagar Extension North located?

The Sub Registrar Office covering Bhavani Nagar Extension North is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

What is the land classification of Bhavani Nagar Extension North?

Bhavani Nagar Extension North is classified as Residential Class IV Type - I.