Guideline Value for BRINDHAVAN NAGAR

Brindhavan Nagar guideline value

The current guideline value of Brindhavan Nagar is Rs 1,007 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchi village under the Ganapathy SRO, classified as Residential Class II Type - I.

How the guideline value of Brindhavan Nagar has changed

The guideline value of Brindhavan Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,007 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

Between 2017 and 2023, the value increased by 273%. Overall, from 2012 to 2024, the guideline value has increased by 152%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. Brindhavan Nagar's 2024 figure is below this median.

• Brindhavana Nagar: Rs 1,008 per sq.ft (2024)
• Bramma Daffodils: Rs 1,680 per sq.ft (2024)
• Bougain Villea: Rs 1,001 per sq.ft (2024)
• Casa Grande-Next Town: Rs 1,009 per sq.ft (2024)
• Chenniappa Gounder Nagar: Rs 1,008 per sq.ft (2024)
• Cheranmaanagar/Sree Raghavendra Nagar Avenue: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,007 per sq.ft, the total guideline value would be Rs 10,07,000. The stamp duty, charged at 7%, would amount to Rs 70,490, while the registration fee at 2% would be Rs 20,140, leading to a total cost of Rs 90,630. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindhavan Nagar?

The Sub Registrar Office that covers Brindhavan Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Villankuruchi. It serves as a benchmark for calculating the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar?

The current guideline value of Brindhavan Nagar is Rs 1,007 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,007 per sq.ft in 2024.

What is the land classification of Brindhavan Nagar?

Brindhavan Nagar is classified as Residential Class II Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Brindhavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,07,000, the stamp duty would be Rs 70,490 at a rate of 7%.