Guideline Value for Bagathsingh Nagar Extension

Bagathsingh Nagar Extension guideline value

The current guideline value of Bagathsingh Nagar Extension is Rs 340 per sq.ft, effective from 1 July 2024. This area is located in Perianaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Bagathsingh Nagar Extension has changed

The guideline value for Bagathsingh Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, and in the latest 2024 revision, it rose again to Rs 340 per sq.ft, marking a 13% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 13% from 2012 to 2024.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,670 per sq.ft. The median value for these streets is Rs 440 per sq.ft, indicating that the guideline value for Bagathsingh Nagar Extension is below this median.

• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Ayyasamy Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Ayothi Naidu Veethi: Rs 280 per sq.ft (2024)
• Balasundaram Layout: Rs 665 per sq.ft (2024)
• Ashoka Kadai Veethi: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Bagathsingh Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, while the registration fee at 2% would be Rs 6,800, bringing the total to Rs 30,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagathsingh Nagar Extension?

Bagathsingh Nagar Extension falls under the jurisdiction of the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perianaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Bagathsingh Nagar Extension?

The current guideline value of Bagathsingh Nagar Extension is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the median guideline value for streets in Perianaickenpalayam?

The median guideline value for the 142 streets in Perianaickenpalayam is Rs 440 per sq.ft, while Bagathsingh Nagar Extension's value is below this median.

What are the stamp duty and registration fees for property in Bagathsingh Nagar Extension?

For a property valued at Rs 3,40,000, the stamp duty would be Rs 23,800, and the registration fee would be Rs 6,800, totaling Rs 30,600.

Which office handles property registration for Bagathsingh Nagar Extension?

The Periyanayakkan Palayam Sub Registrar Office handles property registration for Bagathsingh Nagar Extension, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.