Guideline Value for Bhuvaneswari Nagar

Bhuvaneswari Nagar guideline value

The current guideline value of Bhuvaneswari Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Bhuvaneswari Nagar has changed

The guideline value for Bhuvaneswari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased to Rs 450 per sq.ft in 2023 and further rose to Rs 500 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

From 2017 to 2023, there was a significant increase of 50%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 320 to Rs 1,110 per sq.ft. The median value is Rs 370 per sq.ft, placing Bhuvaneswari Nagar's 2024 figure above that median.

• Bharathi Nagar: Rs 360 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Chandramani Nagar: Rs 370 per sq.ft (2024)
• Arivozhi Nagar: Rs 340 per sq.ft (2024)
• Annapoorani Nagar: Rs 500 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuvaneswari Nagar?

Bhuvaneswari Nagar falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Gudalur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar?

The current guideline value of Bhuvaneswari Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the land classification of Bhuvaneswari Nagar?

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

What are the stamp duty rates in Bhuvaneswari Nagar?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Bhuvaneswari Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.