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Guideline Value for BRIDGEWAY COLONY EXTENSION 1st to 5th STREET

₹1680/sq.ft.

The guideline value for Bridgeway Colony Extension 1st To 5th Street in Ward - J village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 1680 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - J

Village

Tiruppur Joint I

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1680 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1215 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bridgeway Colony Extension 1st To 5th Street

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BRIDGEWAY COLONY EXTENSION 1st to 5th STREET guideline value

The current guideline value for BRIDGEWAY COLONY EXTENSION 1st to 5th 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, and is classified as Residential Class II Type - II.

How the guideline value of BRIDGEWAY COLONY EXTENSION 1st to 5th STREET has changed

Over the years, the guideline value for BRIDGEWAY COLONY EXTENSION 1st to 5th STREET has seen several revisions. The earliest recorded figure is from 2012, where it was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. In 2023, the value increased to Rs 1,500 per sq.ft, and as of the 2024 revision, it stands at Rs 1,680 per sq.ft. Notably, there are no figures available for the years 2002 and 2003.

The changes between these revisions show a significant increase from 2017 to 2023, with a rise of 49%. The jump from 2023 to 2024 is 12%. The value decreased by 33% from 2012 to 2017, and there was a 23% increase from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 38%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for BRIDGEWAY COLONY EXTENSION 1st to 5th STREET is above this median.

Stamp duty and registration fee for property in BRIDGEWAY COLONY EXTENSION 1st to 5th 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 fees to Rs 1,51,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BRIDGEWAY COLONY EXTENSION 1st to 5th STREET?

The BRIDGEWAY COLONY EXTENSION 1st to 5th STREET falls under 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 more information.

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

When buying or selling property in Ward - J, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is essential for both buyers and sellers to understand the costs associated with property transactions.

At the time of registration, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value as recognized by the registration department.

Frequently asked questions

What is the current guideline value for BRIDGEWAY COLONY EXTENSION 1st to 5th STREET?

The current guideline value for BRIDGEWAY COLONY EXTENSION 1st to 5th 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 significantly from Rs 1,500 per sq.ft in 2012 to Rs 1,680 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification for BRIDGEWAY COLONY EXTENSION 1st to 5th STREET?

BRIDGEWAY COLONY EXTENSION 1st to 5th STREET is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering BRIDGEWAY COLONY EXTENSION 1st to 5th STREET is the Tiruppur Joint I SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,51,200.