Guideline Value for BRIDGEWAY COLONY 2ND STREET

Bridgeway Colony 2nd Street guideline value

The current guideline value for Bridgeway Colony 2nd Street is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village under the Tiruppur Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Bridgeway Colony 2nd Street has changed

The guideline value for Bridgeway Colony 2nd Street has seen several revisions over the years. The 2024 revision is set at Rs 1,680 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a change of +12%. Prior to that, the value was Rs 1,005 per sq.ft in 2017, reflecting a significant increase of +49% over the six years.

Looking further back, the 2012 revision also listed the value at Rs 1,500 per sq.ft, which was a decrease of -33% from Rs 1,005 per sq.ft in 2017. The 2007 revision showed a value of Rs 1,215 per sq.ft, indicating an increase of +23% from the earlier 2002 and 2003 revisions, for which the register has no figure for this street.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO with a 2024 guideline value range from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bridgeway Colony 2nd Street's 2024 value above that median.

• Bridgeway Colony: Rs 1,680 per sq.ft (2024)
• BRIDGEWAY COLONY EXTENSION 1st to 5th STREET: Rs 1,680 per sq.ft (2024)
• Bridgeway Colony Extension Main Road: Rs 1,680 per sq.ft (2024)
• Bridgeway Colony (Fabrication Road): Rs 1,680 per sq.ft (2024)
• Bridgeway Colony (L.R.G.Layout): Rs 1,680 per sq.ft (2024)
• B.S.S Nagar: Rs 3,360 per sq.ft (2024)

Stamp duty and registration fee for property in Bridgeway Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total to Rs 1,51,200. 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 information on fees.

Which Sub Registrar Office covers Bridgeway Colony 2nd Street?

The Bridgeway Colony 2nd Street is covered by 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 additional assistance.

How the guideline value is used when you buy or sell in Ward - J

The guideline value plays a crucial role in the registration process of property transactions in Ward - J. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Bridgeway Colony 2nd Street?

The current guideline value for Bridgeway Colony 2nd Street is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,680 per sq.ft in 2024, with various increments and decrements noted in previous revisions.

What is the registration office for Bridgeway Colony 2nd Street?

The registration office for Bridgeway Colony 2nd Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 16,80,000 would incur a stamp duty of Rs 1,17,600 at a rate of 7%.

What are the other streets in Ward - J with similar guideline values?

Other streets in Ward - J include Bridgeway Colony, Bridgeway Colony Extension 1st to 5th Street, and several others, all with a guideline value of Rs 1,680 per sq.ft in 2024.