Guideline Value for Bhuvaneswari Extension

Bhuvaneswari Extension guideline value

The current guideline value of Bhuvaneswari Extension in Telgupalayam village is Rs 1,800 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Bhuvaneswari Extension has changed

The guideline value for Bhuvaneswari Extension has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 1,600 per sq.ft, and it increased to Rs 1,800 per sq.ft in the 2024 revision, marking a change of +13%.

Prior to 2023, there were no recorded figures for this street, as the register does not provide any values for the years mentioned. The current value of Rs 1,800 per sq.ft reflects the latest update and indicates a significant rise from the previous year's rate.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value for this area is Rs 1,002 per sq.ft, placing Bhuvaneswari Extension's 2024 figure above that median.

• Bhuvaneswari Nagar: Rs 1,800 per sq.ft (2024)
• Bharathy Nagar P.N.Pudur: Rs 1,350 per sq.ft (2024)
• Bharathiyar Street 2: Rs 1,000 per sq.ft (2024)
• Bharathiyar Street-1: Rs 1,000 per sq.ft (2024)
• Bharathiyar Street: Rs 1,000 per sq.ft (2024)
• Bharathidasan Theru: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneswari Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. 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 Bhuvaneswari Extension?

The Bhuvaneswari Extension area is covered by the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Telgupalayam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Bhuvaneswari Extension?

The current guideline value for Bhuvaneswari Extension is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, which is a 13% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Bhuvaneswari Extension?

Bhuvaneswari Extension is classified as Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions.

Where can I find the Sub Registrar Office for Bhuvaneswari Extension?

The Sub Registrar Office covering Bhuvaneswari Extension is located at No.410a, Raja Street, Coimbatore-641001. This office handles all registration-related activities for the area.

How is stamp duty calculated on property in Bhuvaneswari Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 18,00,000 would incur a stamp duty of Rs 1,26,000 at 7%.