Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar is Rs 337 per sq.ft, effective from 1 July 2024. Bharath Nagar is located in Kangeyam village, under the jurisdiction of the Kangeyam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value of Bharath Nagar has seen several revisions over the years. The earliest recorded guideline value was Rs 50 per sq.ft in 2007. This increased significantly to Rs 175 per sq.ft in 2012, marking a 250% rise. However, it then decreased to Rs 117 per sq.ft in 2017, which is a 33% drop. Following this, the value surged to Rs 300 per sq.ft in 2023, reflecting a 156% increase. The most recent revision in 2024 set the guideline value at Rs 337 per sq.ft, which is a 12% increase from the previous year.

There are no recorded figures for Bharath Nagar in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 574%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO that have a guideline value for 2024, ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, making Bharath Nagar's 2024 figure below that median.

• Bharathiar Veethi Neasavalar Colony: Rs 448 per sq.ft (2024)
• Bharathiar Street: Rs 448 per sq.ft (2024)
• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road First Street: Rs 448 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 337 per sq.ft, the total guideline value amounts to Rs 3,37,000. The stamp duty at 7% would be Rs 23,590, and the registration fee at 2% would be Rs 6,740, making the total cost for these fees Rs 30,330. 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 more information.

Which Sub Registrar Office covers Bharath Nagar?

The Sub Registrar Office that covers Bharath Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. 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 337 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2007 to Rs 337 per sq.ft in 2024, reflecting an overall increase of 574% over the years.

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

For a property valued at Rs 3,37,000, the stamp duty would be Rs 23,590 and the registration fee would be Rs 6,740, totaling Rs 30,330.

Which office handles registrations for Bharath Nagar?

The Kangeyam Sub Registrar Office handles registrations for Bharath Nagar, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the land classification for Bharath Nagar?

The land classification for Bharath Nagar is Residential Class III Type - I.