Guideline Value for BRINDHAVANA NAGAR

Brindhavana Nagar guideline value

The current guideline value for Brindhavana Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village under the Ganapathy Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Brindhavana Nagar has changed

Over the years, the guideline value for Brindhavana Nagar has seen significant changes. The 2012 revision recorded a guideline value of Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose dramatically to Rs 1,000 per sq.ft, marking an increase of 149%. The most recent revision in 2024 set the guideline value at Rs 1,008 per sq.ft, reflecting a 1% increase from the previous year.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a guideline value for 2024 ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value is Rs 1,008 per sq.ft, which aligns with the guideline value of Brindhavana Nagar.

• Brindhavan 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 Brindhavana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, bringing the total to Rs 90,720. 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 further calculations.

Which Sub Registrar Office covers Brindhavana Nagar?

The Brindhavana Nagar area falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Villankuruchi. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Brindhavana Nagar?

The current guideline value of Brindhavana Nagar is Rs 1,008 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 600 per sq.ft in 2012 to Rs 1,008 per sq.ft in 2024, with notable increases in 2017 and 2023.

What is the land classification of Brindhavana Nagar?

Brindhavana Nagar is classified as Residential Class I Type - II under the Ganapathy SRO.

What are the stamp duty and registration fees in Brindhavana Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,08,000, with stamp duty at 7% amounting to Rs 70,560 and a registration fee at 2% totaling Rs 20,160, making the overall cost Rs 90,720.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, with the postal code 641006.