Guideline Value for BRINDA NAGAR

Brinda Nagar guideline value

The current guideline value of Brinda Nagar is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Class II Type - III.

How the guideline value of Brinda Nagar has changed

The guideline value for Brinda Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 234 per sq.ft, which rose dramatically to Rs 1,000 per sq.ft in the 2023 revision. This represents an increase of 327% over the six years. The most recent revision in 2024 has further increased the value to Rs 1,040 per sq.ft, marking a 4% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 344%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,060 per sq.ft. The guideline value of Brinda Nagar is below this median.

• B Vijayalakshmi Avenue: Rs 1,050 per sq.ft (2024)
• Boopathi Street (Thottipalayam): Rs 1,045 per sq.ft (2024)
• Casa Grande: Rs 1,060 per sq.ft (2024)
• Bogain Villea Extension: Rs 1,795 per sq.ft (2024)
• B M R Layout: Rs 1,065 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Brinda Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,040 per sq.ft, the guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, while the registration fee at 2% would be Rs 20,800, bringing the total to Rs 93,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Brinda Nagar?

The Sub Registrar Office covering Brinda Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Kalapatty_west, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to assess the amount payable for these fees during the registration process.

It is essential for both buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in avoiding any legal issues in the future.

Frequently asked questions

What is the current guideline value of Brinda Nagar?

The current guideline value of Brinda Nagar is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 234 per sq.ft to Rs 1,040 per sq.ft, which is an overall increase of 344% by 2024.

What were the guideline values in the previous revisions?

The guideline values for Brinda Nagar in previous revisions were Rs 234 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and Rs 1,040 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the stamp duty rate for property in Brinda Nagar?

The stamp duty rate for property in Brinda Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Brinda Nagar?

The Sub Registrar Office for Brinda Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.