Guideline Value for BHAVANI NAGAR NORTH

Bhavani Nagar North guideline value

The current guideline value of Bhavani Nagar North is Rs 840 per sq.ft, effective from 1 July 2024. This area 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 North has changed

The guideline value for Bhavani Nagar North has seen several revisions over the years. In 2007, the guideline value was Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase to Rs 750 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 840 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 12% from 2023 to 2024. The overall change from 2007 to 2024 reflects an increase of 91%. It should be noted that the register has no figures for this street in 2002 and 2003.

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. Bhavani Nagar North's 2024 guideline value aligns with this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty, charged at 7%, would amount to Rs 58,800, while the registration fee at 2% would be Rs 16,800. Together, the total cost for stamp duty and registration fee would be Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani Nagar North?

The Sub Registrar Office covering Bhavani Nagar North 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 a crucial factor when registering property transactions in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. This value helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bhavani Nagar North?

The current guideline value of Bhavani Nagar 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 an overall increase of 91% over the years.

What is the registration office for Bhavani Nagar North?

The registration office for Bhavani Nagar North is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Bhavani Nagar North is charged at 7% of the guideline value or the sale price, whichever is higher.

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

Yes, several other streets in Ward - E have the same guideline value of Rs 840 per sq.ft as Bhavani Nagar North, including Bhavani Nagar Extension North and Bhavani Nagar North(Shanthi Nagar).