Guideline Value for BIRLA NAGAR

Birla Nagar guideline value

The current guideline value of Birla Nagar, located in Chettipalayam village, is Rs 703 per sq.ft. This value is set by the Tiruppur Joint I SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Birla Nagar has changed

The guideline value for Birla Nagar has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 350 per sq.ft. This was followed by a decrease to Rs 234 per sq.ft in the 2017 revision. However, the value experienced a significant increase to Rs 703 per sq.ft in both the 2023 and 2024 revisions, marking a 200% rise from 2017 to 2023 and an overall increase of 101% from 2012 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The values from the 2023 and 2024 revisions remained unchanged at Rs 703 per sq.ft, indicating stability in the guideline value during this period.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is the same as the guideline value for Birla Nagar.

• Bishmi Nagar: Rs 703 per sq.ft (2024)
• Balu Innovesan: Rs 705 per sq.ft (2024)
• Balaji Avnue: Rs 703 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Birla Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, and the registration fee at 2% would be Rs 14,060. Together, the total cost for these fees would be Rs 63,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Birla Nagar?

The Sub Registrar Office that covers Birla Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 property transactions in Chettipalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Buyers and sellers should be aware that the guideline value may vary between different streets and areas. It is advisable to check the latest values and ensure that all fees are calculated based on the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Birla Nagar?

The current guideline value of Birla Nagar is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 703 per sq.ft in both 2023 and 2024.

What is the registration office for Birla Nagar?

The registration office for Birla Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

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

For a property valued at Rs 7,03,000, the stamp duty would be Rs 49,210 and the registration fee would be Rs 14,060, totaling Rs 63,270.

Where can I find more information about guideline values?

For more detailed information about guideline values, you can visit the Registration Department's guideline value register (TNReginet) or use the provided links for specific streets and the stamp duty calculator.