Guideline Value for BISMI NAGAR

Bismi Nagar guideline value

The current guideline value of Bismi Nagar, located in Anupparpalayam village, is Rs 1,020 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Bismi Nagar has changed

The guideline value for Bismi Nagar has seen several revisions over the years. In 2007, the guideline value was set at Rs 180 per sq.ft. This value increased to Rs 450 per sq.ft in 2012, but then dropped to Rs 301 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,020 per sq.ft.

From 2017 to 2023, the increase was substantial at 232%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was 150%. Overall, from 2007 to 2024, the guideline value has increased by 467%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO that have a guideline value for 2024 ranging from Rs 1,000 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 1,025 per sq.ft, making Bismi Nagar's 2024 figure slightly below this median.

• Bharath Nagar: Rs 1,060 per sq.ft (2024)
• Breeze Avenue: Rs 1,015 per sq.ft (2024)
• BY-Pass Road: Rs 1,400 per sq.ft (2024)
• Arputham Nagar: Rs 1,015 per sq.ft (2024)
• Arafa Garden: Rs 1,020 per sq.ft (2024)
• Anupparpalayam Thotta Salaigal: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Bismi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, bringing the total fees together to Rs 91,800. It is important to note that 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 Bismi Nagar?

The Sub Registrar Office that covers Bismi Nagar 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 Anupparpalayam

The guideline value is a critical factor in property transactions in Anupparpalayam. It serves as a benchmark for determining the registration fees and stamp duty payable during the transfer of property ownership. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to agree on a sale price that meets or exceeds the guideline value to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value of Bismi Nagar?

The current guideline value of Bismi Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 180 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, marking an overall increase of 467% over the years.

What is the median guideline value for streets in Anupparpalayam?

The median guideline value for streets in Anupparpalayam is Rs 1,025 per sq.ft, while Bismi Nagar's current figure is slightly below this median.

What fees are associated with buying property in Bismi Nagar?

When buying property in Bismi Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 91,800.

Where can I find the Sub Registrar Office for Bismi Nagar?

The Sub Registrar Office for Bismi Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001.