Guideline Value

Corporate

Guideline Value for BRIDGEWAY COLONY

₹1680/sq.ft.

The guideline value for Bridgeway Colony 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

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Bridgeway Colony guideline value

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

How the guideline value of Bridgeway Colony has changed

Over the years, the guideline value of Bridgeway Colony has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the Rs 1,005 per sq.ft recorded in the 2017 revision. The 2023 revision raised the value to Rs 1,500 per sq.ft, followed by a significant increase of 12% to the current Rs 1,680 per sq.ft effective from 2024.

From the 2007 revision at Rs 1,215 per sq.ft to the 2024 revision, the overall change is an increase of 38%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - J

In Ward - J, the guideline values range from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bridgeway Colony's 2024 guideline value of Rs 1,680 per sq.ft is above this median.

Stamp duty and registration fee for property in Bridgeway Colony

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, resulting in a total of Rs 1,51,200 for these charges. 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 detailed calculations.

Which Sub Registrar Office covers Bridgeway Colony?

The Sub Registrar Office that covers Bridgeway Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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 is the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are essential components of the property transfer process.

Frequently asked questions

What is the current guideline value of Bridgeway Colony?

The current guideline value of Bridgeway Colony 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 1,215 per sq.ft in 2007 to Rs 1,680 per sq.ft in 2024, reflecting an overall increase of 38% over this period.

What is the registration office for Bridgeway Colony?

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

How is stamp duty calculated for properties in Bridgeway Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at 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 have a guideline value of Rs 1,680 per sq.ft, including Bridgeway Colony 2nd Street, BRIDGEWAY COLONY EXTENSION 1st to 5th STREET, and others.