Guideline Value for Bilal Colony

Bilal Colony guideline value

The current guideline value of Bilal Colony, located in Kurichi village under the Coimbatore North Joint 1 SRO, is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Bilal Colony has changed

The guideline value for Bilal Colony has evolved significantly over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 70 per sq.ft. This increased to Rs 160 per sq.ft in 2007, marking a 129% rise. In 2012, the value further increased to Rs 750 per sq.ft, a substantial 369% jump. However, between 2012 and 2017, the value dropped to Rs 502 per sq.ft, reflecting a decrease of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, which was a remarkable 99% increase. The latest revision in 2024 has set the guideline value at Rs 1,040 per sq.ft, representing a 4% rise from the previous year.

It is important to note that the register has no figure for Bilal Colony in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1386%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,040 per sq.ft, which is equal to the guideline value of Bilal Colony.

• Bharath Nagar (Ward 14): Rs 1,075 per sq.ft (2024)
• Bharathi Nagar (Ward 2): Rs 1,075 per sq.ft (2024)
• Balaji Nagar (Ward 13): Rs 1,040 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)
• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Bilal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, resulting in a total of Rs 93,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bilal Colony?

The Sub Registrar Office covering Bilal Colony is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property registration process.

Frequently asked questions

What is the current guideline value of Bilal Colony?

The current guideline value of Bilal Colony is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,040 per sq.ft in 2024, a 4% rise.

What was the guideline value in 2017?

The guideline value of Bilal Colony in 2017 was Rs 502 per sq.ft. This was a decrease from Rs 750 per sq.ft in 2012.

Which Sub Registrar Office covers Bilal Colony?

The Coimbatore North Joint 1 Sub Registrar Office covers Bilal Colony, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for property in Bilal Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 72,800.