Guideline Value for BHOOPATHY RAJA NAGAR

Bhoopathy Raja Nagar guideline value

The current guideline value of Bhoopathy Raja Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024. This area is located in Veerakeralam village, under the Thondamuthur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bhoopathy Raja Nagar has changed

The guideline value for Bhoopathy Raja Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 500 per sq.ft. In 2017, it increased significantly to Rs 335 per sq.ft, followed by a substantial rise to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,014 per sq.ft, marking a 1% increase from the previous year.

Between 2012 and 2017, there was a decrease of 33%, but from 2017 to 2023, the value surged by 199%. Overall, from 2012 to 2024, the guideline value has increased by 103%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,014 per sq.ft, which is equal to the current value for Bhoopathy Raja Nagar.

• Bharathi Nager: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Bala Ganeshapuram: Rs 1,012 per sq.ft (2024)
• Baby Gardens: Rs 1,012 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 per sq.ft (2024)
• Arokkiya Matha Nager: Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Bhoopathy Raja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, making the total fees together Rs 91,260. 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 Bhoopathy Raja Nagar?

Bhoopathy Raja Nagar falls under the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Veerakeralam

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

When buying or selling property, the guideline value helps in assessing the fair value of the property, providing a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bhoopathy Raja Nagar?

The current guideline value of Bhoopathy Raja Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, with significant increases in 2017 and 2023.

What is the land classification for Bhoopathy Raja Nagar?

Bhoopathy Raja Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is stamp duty calculated in Bhoopathy Raja Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,14,000, the stamp duty would be Rs 70,980 at 7%.