Guideline Value for BHAVANI NAGAR

Bhavani Nagar guideline value

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

How the guideline value of Bhavani Nagar has changed

The guideline value for Bhavani Nagar has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, there was a significant drop to Rs 502 per sq.ft in 2017. The most recent revisions show an increase to Rs 750 per sq.ft in 2023, followed by a further rise to Rs 840 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 12%. The overall change from 2007 to 2024 reflects a substantial increase of 91%. It is important to note that the register has no 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 for these streets is Rs 840 per sq.ft, placing Bhavani Nagar's 2024 figure at this median.

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

Stamp duty and registration fee for property in Bhavani Nagar

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, bringing the total costs together to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani Nagar?

The Sub Registrar Office that covers Bhavani Nagar 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 a crucial reference point during the registration of property transactions in Ward - E. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bhavani Nagar?

The current guideline value of Bhavani Nagar 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 are the stamp duty rates for properties in Bhavani Nagar?

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

Where can I find the Sub Registrar Office for Bhavani Nagar?

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

What is the land classification for Bhavani Nagar?

Bhavani Nagar is classified as Residential Class IV Type - I, indicating its designation for residential purposes.