Guideline Value for Bagath sing nagar

Bagath sing nagar guideline value

The current guideline value of Bagath sing nagar is Rs 350 per sq.ft, effective from 1 July 2024. This locality is situated in Karumandichellipalayam village, under the Perundurai SRO, and is classified as Residential Special Type - II.

How the guideline value of Bagath sing nagar has changed

The guideline value for Bagath sing nagar has seen several revisions over the years. The most recent revisions show a consistent value of Rs 350 per sq.ft in both 2023 and 2024. Prior to this, in 2017, the value was Rs 234 per sq.ft, which indicates a 50% increase from 2017 to 2023. The value in 2012 was also Rs 350 per sq.ft, reflecting a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 350 per sq.ft.

It is noteworthy that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This lack of data means that the changes in guideline value during those years cannot be assessed.

Guideline values in Karumandichellipalayam

In Karumandichellipalayam, there are 111 streets that carry a 2024 guideline value ranging from Rs 200 to Rs 1,650 per sq.ft, with the median value being Rs 350 per sq.ft. Bagath sing nagar's 2024 guideline value aligns with this median.

• Balaji Nagar: Rs 200 per sq.ft (2024)
• Cheran Nagar: Rs 350 per sq.ft (2024)
• Chinnu Garden: Rs 300 per sq.ft (2024)
• Golden Nagar: Rs 350 per sq.ft (2024)
• Malligai nagar: Rs 350 per sq.ft (2024)
• Marudham Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bagath sing nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total fees together Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagath sing nagar?

The Sub Registrar Office covering Bagath sing nagar is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karumandichellipalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the local regulations.

When a property is sold, the guideline value is considered as a reference point for calculating the applicable fees. This ensures that all transactions are conducted transparently and fairly, based on the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Bagath sing nagar?

The current guideline value of Bagath sing nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 350 per sq.ft in the revisions of 2023 and 2024. It was Rs 234 per sq.ft in 2017 and Rs 350 per sq.ft in 2012, showing a 50% increase from 2017 to 2023.

What is the land classification for Bagath sing nagar?

Bagath sing nagar is classified as Residential Special Type - II under the local land classification system.

Where is the Sub Registrar Office for Bagath sing nagar located?

The Sub Registrar Office for Bagath sing nagar is located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone.

How is stamp duty calculated for properties in Bagath sing nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 3,50,000, leading to a stamp duty of Rs 24,500.