Guideline Value for Brindavan Nagar II

Brindavan Nagar II guideline value

The current guideline value of Brindavan Nagar II is Rs 1,120 per sq.ft, effective from 1 July 2024. It is located in Singanallur village under the Singanallur SRO, classified as Residential Class I Type - I.

How the guideline value of Brindavan Nagar II has changed

The guideline value for Brindavan Nagar II has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,120 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 12% from 2023 to 2024. Overall, the guideline value increased by 12% from the 2012 revision to the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the current value of Brindavan Nagar II.

• B.R. Thottam: Rs 1,001 per sq.ft (2024)
• Boyar Veethi 1,2,3,4: Rs 1,120 per sq.ft (2024)
• Boyar Estenstion street. 1,2,3: Rs 1,120 per sq.ft (2024)
• Bodi Street: Rs 1,000 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Nagar II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, bringing the total cost for these fees to Rs 1,00,800. 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 Brindavan Nagar II?

The Sub Registrar Office that covers Brindavan Nagar II is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Singanallur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate fees based on the assessed value of the property.

Frequently asked questions

What is the current guideline value of Brindavan Nagar II?

The current guideline value of Brindavan Nagar II is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Brindavan Nagar II?

Brindavan Nagar II is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty rates in Brindavan Nagar II?

The stamp duty rate in Brindavan Nagar II is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Brindavan Nagar II located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone.