Guideline Value for Brindavan nagar

Brindavan nagar guideline value

The current guideline value of Brindavan nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Peedampalli village, under the jurisdiction of the Singanallur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Brindavan nagar has changed

The guideline value for Brindavan nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, an increase from the 2023 figure of Rs 200 per sq.ft, which reflects a change of +10%. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a significant increase of +49% to reach the 2023 figure.

Looking further back, the 2012 revision also set the guideline value at Rs 200 per sq.ft, but this represented a decrease of -33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO that have a guideline value for 2024, ranging from Rs 110 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 165 per sq.ft, placing Brindavan nagar's 2024 figure above that median.

• Chellandiamman Nagar: Rs 110 per sq.ft (2024)
• Cheran Nagar: Rs 110 per sq.ft (2024)
• Diamond Avenue Phase-I: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase-II: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase III: Rs 660 per sq.ft (2024)
• Duraisamy Nagar: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peedampalli. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and reflects the true value of the property in the eyes of the law.

Frequently asked questions

What is the current guideline value of Brindavan nagar?

The current guideline value of Brindavan nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, and from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the median guideline value in Peedampalli?

The median guideline value in Peedampalli is Rs 165 per sq.ft, with Brindavan nagar's value of Rs 220 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Brindavan nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total fees would amount to Rs 19,800.

Which Sub Registrar Office covers Brindavan nagar?

The Singanallur Sub Registrar Office covers Brindavan nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.