Guideline Value for Bathma Nagar

Bathma Nagar guideline value

The current guideline value of Bathma Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Bathma Nagar has changed

The guideline value for Bathma Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023 and then to Rs 450 per sq.ft in 2024, marking a 13% increase from the previous year. The overall change from 2012 to 2024 reflects a 13% increase.

Between the revisions, the value saw a notable increase of 49% from 2017 to 2023. However, the revision from 2012 to 2017 was a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam village has 153 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this area is Rs 310 per sq.ft, placing Bathma Nagar's 2024 guideline value above this median.

• Barathi Nagar: Rs 310 per sq.ft (2024)
• Bharathi Avenue Phase I: Rs 220 per sq.ft (2024)
• Balavinayaga Nagar: Rs 220 per sq.ft (2024)
• Balaji Nagar: Rs 560 per sq.ft (2024)
• Backyam avenue: Rs 380 per sq.ft (2024)
• Arijana Colony (Ward 7): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bathma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total to Rs 40,500. 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 more details.

Which Sub Registrar Office covers Bathma Nagar?

The Sub Registrar Office that covers Bathma Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Narasimmanaickenpalayam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bathma Nagar?

The current guideline value of Bathma Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 450 per sq.ft in 2024.

What is the land classification of Bathma Nagar?

Bathma Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Narasimmanaickenpalayam?

Other streets in Narasimmanaickenpalayam include Barathi Nagar, Bharathi Avenue Phase I, Balavinayaga Nagar, Balaji Nagar, Backyam Avenue, and Arijana Colony (Ward 7), each with their respective guideline values for 2024.

Where is the Sub Registrar Office for Bathma Nagar located?

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