Guideline Value for BHARATHI ESTATE EXTENSION

Bharathi Estate Extension guideline value

The current guideline value of Bharathi Estate Extension is Rs 360 per sq.ft, effective from 1 July 2024. This area is located in Karamadai village under the Mettupalayam SRO and is classified as Residential Class IV Type - II.

How the guideline value of Bharathi Estate Extension has changed

The guideline value for Bharathi Estate Extension has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which increased to Rs 360 per sq.ft in the 2024 revision, marking a 20% increase.

In summary, the guideline values for the most recent revisions are Rs 300 per sq.ft for 2023 and Rs 360 per sq.ft for 2024. The increase reflects changes in the valuation process, but the register does not provide any figures for the earlier years.

Guideline values in Karamadai

In Karamadai, there are 180 streets under the Mettupalayam SRO with a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, indicating that Bharathi Estate Extension's current value is below this median.

• Bharathi Estate Part II: Rs 360 per sq.ft (2024)
• Bharathi Estate Part III: Rs 360 per sq.ft (2024)
• Bharathi Estate Part IV: Rs 560 per sq.ft (2024)
• Bharathi Estate Part V: Rs 360 per sq.ft (2024)
• Bharathi Estate Part VII: Rs 440 per sq.ft (2024)
• Bharathi Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Estate Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 360 per sq.ft, the total guideline value would be Rs 3,60,000. The stamp duty at 7% would amount to Rs 25,200, and the registration fee at 2% would be Rs 7,200, bringing the total cost for these fees to Rs 32,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Bharathi Estate Extension?

The Bharathi Estate Extension falls under the jurisdiction of the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karamadai. It serves as the basis for calculating the stamp duty and registration fees that must be paid when buying or selling property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal documentation and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Estate Extension?

The current guideline value of Bharathi Estate Extension is Rs 360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 360 per sq.ft in 2024, reflecting a 20% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in Bharathi Estate Extension?

For a property valued at Rs 3,60,000, the stamp duty would be Rs 25,200, and the registration fee would be Rs 7,200, totaling Rs 32,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bharathi Estate Extension?

The Mettupalayam Sub Registrar Office handles registrations for Bharathi Estate Extension. The office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What is the land classification for Bharathi Estate Extension?

Bharathi Estate Extension is classified as Residential Class IV Type - II. This classification impacts the guideline value and other regulatory aspects of property transactions in the area.