Guideline Value for BILAL ESTATE Ist STREET

BILAL ESTATE Ist STREET guideline value

The current guideline value of BILAL ESTATE Ist 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 Ist STREET has changed

The guideline value for BILAL ESTATE Ist STREET has undergone several revisions over the years. In 2012, the guideline value was Rs 550 per sq.ft, which increased to Rs 368 per sq.ft in 2017. This was a decrease of 33%. Following this, the value saw a significant rise to Rs 1,000 per sq.ft in 2023, marking an increase of 172%. The most recent revision in 2024 set the guideline value at Rs 1,025 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that the register has no 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, there are 52 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,905 per sq.ft, with a median value of Rs 1,038 per sq.ft. The guideline value for BILAL ESTATE Ist STREET is below this median.

• BILAL ESTATE IInd 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 Ist STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,025 per sq.ft, the total guideline value would be Rs 10,25,000. The stamp duty at 7% would amount to Rs 71,750, and the registration fee at 2% would be Rs 20,500. Together, these charges would total Rs 92,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers BILAL ESTATE Ist STREET?

The Sub Registrar Office that covers BILAL ESTATE Ist 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 of property transactions in Coimbatore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is taken into account to calculate the applicable fees and duties. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

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

The current guideline value of BILAL ESTATE Ist 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%.

What is the registration fee for property in BILAL ESTATE Ist STREET?

The registration fee for property in BILAL ESTATE Ist STREET is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 20,500.

Which Sub Registrar Office covers this street?

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

What are the other streets with similar guideline values in Coimbatore?

Other streets in Coimbatore under the Coimbatore North Joint 1 SRO include BILAL ESTATE IInd STREET and Bilal Nagar/Estate, both at Rs 1,025 per sq.ft, along with others like Azad Nagar at Rs 1,030 per sq.ft.