Guideline Value for BILAL NAGAR/ESTATE

Bilal Nagar/Estate guideline value

The current guideline value of Bilal Nagar/Estate is Rs 1,025 per sq.ft, effective from 1 July 2024. This area is located in Coimbatore village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Bilal Nagar/Estate has changed

Over the years, the guideline value for Bilal Nagar/Estate has seen significant changes. The earliest recorded figure was Rs 180 per sq.ft in 2007, which increased to Rs 550 per sq.ft in 2012. However, this was followed by a decrease to Rs 368 per sq.ft in 2017. The value then surged to Rs 1,000 per sq.ft in 2023, and it has now reached Rs 1,025 per sq.ft in 2024, marking a 3% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the increase was notable at 172%, and the overall change from 2007 to 2024 stands at an impressive 469%. This shows a considerable escalation in the guideline value over the years, reflecting the evolving real estate landscape in the area.

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 Nagar/Estate is below this median.

• BILAL ESTATE Ist STREET: Rs 1,025 per sq.ft (2024)
• BILAL ESTATE IInd STREET: 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 Nagar/Estate

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, calculated at 7%, amounts to Rs 71,750, while the registration fee at 2% totals Rs 20,500. Together, the total cost for stamp duty and registration fee would be Rs 92,250. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bilal Nagar/Estate?

The Sub Registrar Office that covers Bilal Nagar/Estate 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 is a crucial factor in property transactions in Coimbatore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, helping to fund local infrastructure and services.

Frequently asked questions

What is the current guideline value of Bilal Nagar/Estate?

The current guideline value of Bilal Nagar/Estate is Rs 1,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 180 per sq.ft to Rs 1,025 per sq.ft in 2024, reflecting an overall change of 469% over the years.

What are the stamp duty rates for property in Bilal Nagar/Estate?

The stamp duty for property in Bilal Nagar/Estate is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bilal Nagar/Estate?

The Sub Registrar Office for Bilal Nagar/Estate is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the median guideline value for streets in Coimbatore?

The median guideline value for streets in Coimbatore under the Coimbatore North Joint 1 SRO is Rs 1,038 per sq.ft, with Bilal Nagar/Estate's current value being below this median.