Guideline Value for BISHMI NAGAR

Bishmi Nagar guideline value

The current guideline value of Bishmi Nagar, located in Chettipalayam village, is Rs 703 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Bishmi Nagar has changed

Over the years, the guideline value of Bishmi Nagar has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which then increased to Rs 234 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 703 per sq.ft in both the 2023 and 2024 revisions, marking a 200% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2012 to 2024, the overall increase is 101%. The 2024 revision reflects no change from the 2023 revision, maintaining the guideline value at Rs 703 per sq.ft.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with the median value being Rs 703 per sq.ft. Bishmi Nagar's 2024 figure is equal to this median.

• Birla 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 Bishmi 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, bringing the total cost to Rs 63,270. It is important to note that the 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 details.

Which Sub Registrar Office covers Bishmi Nagar?

Bishmi Nagar falls under the jurisdiction of the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial reference point for property transactions in Chettipalayam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value ensures that the transaction is recorded accurately and fairly in the official registry.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bishmi Nagar?

The current guideline value of Bishmi 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 seen significant changes, with the value rising from Rs 350 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, marking an overall increase of 101% over this period.

What is the registration office for Bishmi Nagar?

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

How is stamp duty calculated in Bishmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 49,210 at the rate of 7%.

What are other streets in Chettipalayam with similar guideline values?

Other streets in Chettipalayam have guideline values ranging from Rs 700 to Rs 705 per sq.ft, with several streets, including Birla Nagar and Balaji Avnue, having the same guideline value of Rs 703 per sq.ft in 2024.