Guideline Value for BPC Nagar

BPC Nagar guideline value

The current guideline value of BPC Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of BPC Nagar has changed

The guideline value for BPC Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in the 2017 revision. However, the value rebounded to Rs 1,000 per sq.ft in the 2023 revision, and the current 2024 revision has increased it further to Rs 1,100 per sq.ft. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is the same as the current value for BPC Nagar.

• BPR Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Arcade: Rs 1,002 per sq.ft (2024)
• Boopathi Raja Nagar: Rs 1,001 per sq.ft (2024)
• Bommiyamman Kovil Street: Rs 1,000 per sq.ft (2024)
• Bommanampalayam Extension: Rs 1,001 per sq.ft (2024)
• BSA Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in BPC Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BPC Nagar?

BPC Nagar is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vadavalli. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any disputes regarding property valuation.

Frequently asked questions

What is the current guideline value of BPC Nagar?

The current guideline value of BPC Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, including Rs 77,000 for stamp duty and Rs 22,000 for registration fees.

Which Sub Registrar Office covers BPC Nagar?

The Vadavalli Sub Registrar Office covers BPC Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification for BPC Nagar?

The land classification for BPC Nagar is Residential Class I Type - I, indicating its designation for residential purposes.