Guideline Value for BILAL ESTATE IInd STREET

BILAL ESTATE IInd STREET guideline value

The current guideline value for BILAL ESTATE IInd STREET is Rs 1,025 per sq.ft, effective from 1 July 2024. This street is located in Coimbatore village under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of BILAL ESTATE IInd STREET has changed

The guideline value for BILAL ESTATE IInd STREET has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 550 per sq.ft. This increased to Rs 368 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 172%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 1,025 per sq.ft, reflecting a 3% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 86%.

Guideline values in Coimbatore

In Coimbatore village, there are 52 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,905 per sq.ft. The median guideline value for these streets is Rs 1,038 per sq.ft, indicating that BILAL ESTATE IInd STREET's 2024 figure is below that median.

• BILAL ESTATE Ist STREET: Rs 1,025 per sq.ft (2024)
• Bilal Nagar/Estate: Rs 1,025 per sq.ft (2024)
• Azad Nagar: Rs 1,030 per sq.ft (2024)
• Arul Nagar: Rs 1,015 per sq.ft (2024)
• Cheran Nagar: Rs 1,000 per sq.ft (2024)
• Arignar Anna Nagar: Rs 1,050 per sq.ft (2024)

Stamp duty and registration fee for property in BILAL ESTATE IInd STREET

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,025 per sq.ft, the total guideline value amounts to Rs 10,25,000. The stamp duty at 7% would be Rs 71,750, and the registration fee at 2% would be Rs 20,500, bringing the total charges to Rs 92,250. 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 BILAL ESTATE IInd STREET?

The Sub Registrar Office covering BILAL ESTATE IInd STREET is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Coimbatore. It is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value of BILAL ESTATE IInd STREET?

The current guideline value of BILAL ESTATE IInd STREET is Rs 1,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2012 to Rs 1,025 per sq.ft in 2024, reflecting an overall increase of 86% over this period.

What is the stamp duty for a property in BILAL ESTATE IInd STREET?

The stamp duty for a property in BILAL ESTATE IInd STREET is 7% of the guideline value. For a property valued at Rs 10,25,000, the stamp duty would be Rs 71,750.

Which Sub Registrar Office covers BILAL ESTATE IInd STREET?

The Coimbatore North Joint 1 Sub Registrar Office covers BILAL ESTATE IInd STREET, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of BILAL ESTATE IInd STREET?

BILAL ESTATE IInd STREET is classified as Residential Class II Type - I, indicating its designation for residential use.