Guideline Value for Brindhavan Nagar

Brindhavan Nagar guideline value

The current guideline value of Brindhavan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Brindhavan Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. It then decreased to Rs 268 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 400 per sq.ft. The most recent revision in 2024 has set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Perianaickenpalayam

Brindhavan Nagar's 2024 guideline value of Rs 440 per sq.ft is equal to the median value of Rs 440 per sq.ft among the 142 streets in Perianaickenpalayam under the Periyanayakkan Palayam SRO, which range from Rs 220 to Rs 1,670 per sq.ft.

• Chettiar Veethi: Rs 280 per sq.ft (2024)
• Bharathi Nagar - 9: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 8: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 7: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 6: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 5: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Brindhavan Nagar?

The Sub Registrar Office that covers Brindhavan Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Perianaickenpalayam. It helps determine the stamp duty and registration fees applicable to the sale or purchase of property.

When you buy or sell a property, the guideline value is used to assess the official value of the property for taxation purposes. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar?

The current guideline value of Brindhavan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Brindhavan Nagar?

For a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Brindhavan Nagar?

The Periyanayakkan Palayam Sub Registrar Office covers Brindhavan Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the guideline value used in property transactions?

The guideline value is used to determine the official value of a property for taxation purposes during registration. It is essential for calculating applicable stamp duty and registration fees when buying or selling property.