Guideline Value for BHARATH RATHINAM GARDEN

Bharath Rathinam Garden guideline value

The current guideline value of Bharath Rathinam Garden is Rs 1,065 per sq.ft, effective from 1 July 2024. This property is located in Kalapatty_west village under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharath Rathinam Garden has changed

The guideline value for Bharath Rathinam Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 marked a further increase to Rs 1,065 per sq.ft, reflecting a change of +7% from the previous year. It's important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by +87%, and overall, from 2017 to 2024, the increase is +99%. This upward trend indicates a substantial rise in the guideline value over the years.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, placing Bharath Rathinam Garden's 2024 value above that median.

• Bharath Rathinam Nagar (R.G.Pudur): Rs 1,045 per sq.ft (2024)
• Bharathi Street (R.G.Pudur): Rs 1,045 per sq.ft (2024)
• Bharathi Street (Kalappatti): Rs 1,050 per sq.ft (2024)
• B Ayyasamy Nagar: Rs 1,065 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 1,055 per sq.ft (2024)
• Balaji Nagar Phase 2 (Kalappatti): Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Rathinam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value amounts to Rs 10,65,000. The stamp duty, charged at 7%, would be Rs 74,550, while the registration fee at 2% would be Rs 21,300. Together, the total cost for these fees would be Rs 95,850. It's 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 Rathinam Garden?

The Bharath Rathinam Garden falls under the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kalapatty_west. It is used to determine the stamp duty and registration fees that are applicable based on the property's value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharath Rathinam Garden?

The current guideline value of Bharath Rathinam Garden is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased significantly, from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, marking an overall increase of +99%.

What is the median guideline value for streets in Kalapatty_west?

The median guideline value for the 357 streets in Kalapatty_west is Rs 1,060 per sq.ft, making Bharath Rathinam Garden's value above this median.

What are the stamp duty and registration fees for a property in Bharath Rathinam Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 95,850.

Which office handles the registration for Bharath Rathinam Garden?

The registration for Bharath Rathinam Garden is handled by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.