Guideline Value for BHAVANI NAGAR EXTENSION

Bhavani Nagar Extension guideline value

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

How the guideline value of Bhavani Nagar Extension has changed

Over the years, the guideline value of Bhavani Nagar Extension has seen several revisions. The 2007 revision set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012, marking a 70% rise. However, this value decreased by 33% to Rs 502 per sq.ft in 2017. The subsequent revision in 2023 raised the value significantly to Rs 750 per sq.ft, and the latest revision in 2024 increased it further to Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 91%.

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 a median value of Rs 840 per sq.ft. The guideline value for Bhavani Nagar Extension is equal to this median.

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

Stamp duty and registration fee for property in Bhavani Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the 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 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 information.

Which Sub Registrar Office covers Bhavani Nagar Extension?

The Bhavani Nagar Extension 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 details.

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

The guideline value is a crucial factor during property registration in Ward - E. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bhavani Nagar Extension?

The current guideline value of Bhavani Nagar 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 undergone several revisions, increasing from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, marking an overall increase of 91%.

What is the land classification of Bhavani Nagar Extension?

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

Where is the Sub Registrar Office for Bhavani Nagar Extension 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.

How is the stamp duty calculated for properties in Bhavani Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 at 7%.