Guideline Value for BPR Nagar

BPR Nagar guideline value

The current guideline value of BPR Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of BPR Nagar has changed

The guideline value for BPR Nagar has seen several revisions over the years. In 2007, the value was Rs 325 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 208% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. The value was revised to Rs 1,000 per sq.ft in 2023, and in the latest revision for 2024, it stands at Rs 1,100 per sq.ft, which is a 10% increase from the previous year. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 238%, showcasing significant changes in the value over the years.

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 for these streets is Rs 1,100 per sq.ft, which aligns with the current figure for BPR Nagar. Below are some other streets in Vadavalli:

• BPC 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)
• BSA Nagar: Rs 1,100 per sq.ft (2024)
• Bommanampalayam Extension: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in BPR Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BPR Nagar?

BPR 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 in property transactions in Vadavalli. It serves as a benchmark for determining the registration fees and stamp duty payable when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value will be used to calculate the applicable fees. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher amount between the guideline value and the sale price, ensuring that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of BPR Nagar?

The current guideline value of BPR 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 325 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a significant increase of 238% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registration for BPR Nagar?

The Vadavalli Sub Registrar Office handles property registration for BPR Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the land classification of BPR Nagar?

BPR Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.