Guideline Value for Bappankadu

Bappankadu guideline value

The current guideline value of Bappankadu is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arachalur village under the Sivagiri_Erode SRO, classified as Residential Class III Type - V.

How the guideline value of Bappankadu has changed

In the 2012 revision, the guideline value was set at Rs 80 per sq.ft. This figure increased to Rs 54 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the guideline value rose significantly to Rs 200 per sq.ft, reflecting an increase of 270%. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

The overall change from the 2012 revision to the 2024 revision is an increase of 150%. It is important to note that the register has no figures for Bappankadu for the years 2002, 2003, and 2007.

Guideline values in Arachalur

Arachalur village has a total of 87 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 360 per sq.ft, with the median value being Rs 200 per sq.ft. The guideline value for Bappankadu is equal to this median.

• Arachalur west street: Rs 250 per sq.ft (2024)
• Arachalur Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Arachalur south street: Rs 250 per sq.ft (2024)
• Arachalur Santhaipatti Street: Rs 250 per sq.ft (2024)
• Arachalur Poorikkarar Street: Rs 250 per sq.ft (2024)
• Arachalur Nadu Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bappankadu

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bappankadu?

The Sub Registrar Office that covers Bappankadu is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Arachalur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is a reference point for calculating these costs.

When a property is sold, the registration office uses the guideline value to assess the appropriate fees. This ensures that all transactions are conducted fairly and transparently, based on established values set by the government.

Frequently asked questions

What is the current guideline value of Bappankadu?

The current guideline value of Bappankadu is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 80 per sq.ft in 2012, Rs 54 per sq.ft in 2017, Rs 200 per sq.ft in 2023, and remains at Rs 200 per sq.ft in 2024. The most significant increase occurred from 2017 to 2023.

What are the guideline values of other streets in Arachalur?

Other streets in Arachalur have guideline values ranging from Rs 250 per sq.ft. These include Arachalur west street, Arachalur Thiruvalluvar Nagar, Arachalur south street, Arachalur Santhaipatti Street, Arachalur Poorikkarar Street, and Arachalur Nadu Street.

What are the stamp duty and registration fees for properties in Bappankadu?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bappankadu?

The Sub Registrar Office for Bappankadu is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.