Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Kottur village under the Anaimalai SRO, is Rs 251 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 175 per sq.ft, which increased to Rs 117 per sq.ft in 2017. Following this, the value rose significantly to Rs 250 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 251 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 114%. Overall, from 2012 to 2024, the guideline value has risen by 43%.

Guideline values in Kottur

In Kottur, there are 286 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 450 per sq.ft, with a median value of Rs 201 per sq.ft. Bharath Nagar's 2024 figure of Rs 251 per sq.ft is above this median.

• Athi Parasakthi Nagar: Rs 360 per sq.ft (2024)
• Arunachalam Nagar: Rs 251 per sq.ft (2024)
• Ariyapuram: Rs 201 per sq.ft (2024)
• Cheran Nagar: Rs 360 per sq.ft (2024)
• Anbu Nagar: Rs 201 per sq.ft (2024)
• Durairaj Ramalingam Street: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current rate of Rs 251 per sq.ft, the guideline value would be Rs 2,51,000. The stamp duty at 7% would amount to Rs 17,570, while the registration fee at 2% would be Rs 5,020, bringing the total to Rs 22,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharath Nagar?

The Bharath Nagar area falls under the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the minimum value for registration, ensuring that the transaction is recorded at an appropriate value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for legal documentation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 251 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 251 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 117 per sq.ft in 2017.

What is the land classification for Bharath Nagar?

Bharath Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Anaimalai Sub Registrar Office located?

The Anaimalai Sub Registrar Office is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

How is stamp duty calculated for property in Bharath Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 251 per sq.ft incurs a total stamp duty and registration fee of Rs 22,590.