Guideline Value for BHUVANESHWARI NAGAR

Bhuvaneshwari Nagar guideline value

The current guideline value of Bhuvaneshwari Nagar is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Chettipalayam village, under the Kinathukkadavu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bhuvaneshwari Nagar has changed

Looking at the revisions over the years, the guideline value for Bhuvaneshwari Nagar has seen several changes. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, it increased significantly by 50%, bringing the value to Rs 250 per sq.ft. The latest revision in 2024 has further increased the value to Rs 280 per sq.ft, reflecting a rise of 12% from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO, with 2024 guideline values ranging from Rs 225 to Rs 680 per sq.ft. The median value is Rs 280 per sq.ft, which is equal to the current guideline value of Bhuvaneshwari Nagar.

• Bhathirakaliamman Kovil Street: Rs 225 per sq.ft (2024)
• Bharathiyar Nagar: Rs 280 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total to Rs 25,200. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Bhuvaneshwari Nagar?

The Sub Registrar Office covering Bhuvaneshwari Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chettipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining a standard valuation across properties in the region.

Frequently asked questions

What is the current guideline value of Bhuvaneshwari Nagar?

The current guideline value of Bhuvaneshwari Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What are the guideline values of other streets in Chettipalayam?

Other streets in Chettipalayam have guideline values ranging from Rs 225 to Rs 680 per sq.ft. Notably, Bharathiyar Nagar, Bajanai Koil Street, Ayyavu Chettiar Street, and Ayyannan Chettiar Street all share the same guideline value of Rs 280 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Bhuvaneshwari Nagar?

For a property valued at Rs 2,80,000, the stamp duty would be Rs 19,600 and the registration fee would be Rs 5,600, totaling Rs 25,200. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Bhuvaneshwari Nagar is located at the Kinathukkadavu Sub Registrar Office, 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find more information by visiting the provided link.