Guideline Value for BARTHI NAGAR (823,838)

Barthi Nagar (823,838) guideline value

The current guideline value of Barthi Nagar (823,838) is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kotagiri -1 village under the Kothagiri SRO, classified as Residential Class II Type - I.

How the guideline value of Barthi Nagar (823,838) has changed

The guideline value for Barthi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 200 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure at Rs 200 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 100%. Overall, from 2017 to 2024, the increase is also 100%, reflecting a consistent upward trend in the guideline value during this period.

Guideline values in Kotagiri -1

Kotagiri -1 village has 79 streets under the Kothagiri SRO with a 2024 guideline value ranging from Rs 200 to Rs 825 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, placing Barthi Nagar's 2024 figure below that median.

• Bazzar Mariamman Kovil (1032,1033,1034): Rs 715 per sq.ft (2024)
• Benthatty (726,727,728,729,730): Rs 300 per sq.ft (2024)
• Avenu Road (1134,1135,1142,1144,1147): Rs 200 per sq.ft (2024)
• Araiyatty (465,466,464,473): Rs 300 per sq.ft (2024)
• Annodai, Kamaraj Nagar (154,155,156,157,158,159,160): Rs 200 per sq.ft (2024)
• Bus Stand Panchayat Office (1045,1046,1044,1043): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Barthi Nagar (823,838)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Barthi Nagar (823,838)?

The Sub Registrar Office that covers Barthi Nagar (823,838) is the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value is a crucial factor in the registration process of property transactions in Kotagiri -1. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Barthi Nagar?

The current guideline value of Barthi Nagar (823,838) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a 100% increase overall from 2017 to 2024.

What is the median guideline value in Kotagiri -1?

The median guideline value in Kotagiri -1 is Rs 300 per sq.ft, with Barthi Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Barthi Nagar?

For a property in Barthi Nagar, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 18,000.

Which office registers properties in Barthi Nagar?

The Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, is responsible for registering properties in Barthi Nagar.