Guideline Value for Bagathsingh Nagar

Bagathsingh Nagar guideline value

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

How the guideline value of Bagathsingh Nagar has changed

The guideline value for Bagathsingh Nagar has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 300 per sq.ft, which then decreased 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 the latest revision in 2024 has set the value at Rs 340 per sq.ft, marking a 13% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 13%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 440 per sq.ft. The guideline value of Bagathsingh Nagar is below this median.

• Bagathsingh Nagar Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value would be Rs 3,40,000. The stamp duty at 7% would amount to Rs 23,800, and the registration fee at 2% would be Rs 6,800, totaling Rs 30,600. 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 more details.

Which Sub Registrar Office covers Bagathsingh Nagar?

Bagathsingh Nagar 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 when registering property transactions in Perianaickenpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects a fair valuation. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bagathsingh Nagar?

The current guideline value of Bagathsingh Nagar 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 land classification of Bagathsingh Nagar?

Bagathsingh Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where is the Sub Registrar Office for Bagathsingh Nagar located?

The Sub Registrar Office for Bagathsingh Nagar is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Bagathsingh 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 3,40,000, the stamp duty at 7% would be Rs 23,800.