Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar in Anupparpalayam village is Rs 1,060 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 920 per sq.ft. This increased to Rs 950 per sq.ft in 2012, then decreased to Rs 636 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,060 per sq.ft. The revisions for the years 2002 and 2003 have no figures available for this street.

From 2017 to 2023, there was a notable increase of 57%, while the change from 2012 to 2017 was a decrease of 33%. The transition from 2007 to 2012 saw a modest increase of 3%. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,400 per sq.ft, with a median value of Rs 1,025 per sq.ft. The guideline value for Bharath Nagar is above this median.

• Bismi Nagar: Rs 1,020 per sq.ft (2024)
• Breeze Avenue: Rs 1,015 per sq.ft (2024)
• Arputham Nagar: Rs 1,015 per sq.ft (2024)
• BY-Pass Road: Rs 1,400 per sq.ft (2024)
• Arafa Garden: Rs 1,020 per sq.ft (2024)
• Anupparpalayam Thotta Salaigal: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value amounts to Rs 10,60,000. The stamp duty at 7% would be Rs 74,200, and the registration fee at 2% would be Rs 21,200, making the total fees together Rs 95,400. It is important to note that 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 more details.

Which Sub Registrar Office covers Bharath Nagar?

The Sub Registrar Office that covers Bharath Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Anupparpalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 920 per sq.ft in 2007 to Rs 1,060 per sq.ft in 2024, with several revisions in between.

What is the land classification for Bharath Nagar?

Bharath Nagar is classified as Residential Special Type - I under the Coimbatore North Joint 1 SRO.

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

For a property valued at Rs 10,60,000, the stamp duty would be Rs 74,200, and the registration fee would be Rs 21,200, totaling Rs 95,400.

Where can I find the Sub Registrar Office for Bharath Nagar?

The Sub Registrar Office for Bharath Nagar is located at the District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001.