Guideline Value for BHARATHI ESTATE PART III

Bharathi Estate Part III guideline value

The current guideline value of Bharathi Estate Part III is Rs 360 per sq.ft. This property 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 Part III has changed

The guideline value for Bharathi Estate Part III has undergone several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 360 per sq.ft in the 2024 revision, marking a change of +20%.

In summary, the 2024 revision reflects an increase from the previous year's value, indicating a shift in the guideline value for this street within Karamadai village.

Guideline values in Karamadai

In Karamadai, there are 180 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft, with a median value of Rs 800 per sq.ft. Bharathi Estate Part III's guideline value is below this median.

• Bharathi Estate Part II: Rs 360 per sq.ft (2024)
• Bharathi Estate Part IV: Rs 560 per sq.ft (2024)
• Bharathi Estate Extension: Rs 360 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 Part III

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, while the registration fee at 2% would be Rs 7,200, bringing the total fees to Rs 32,400. 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 Bharathi Estate Part III?

The Bharathi Estate Part III is covered by 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 further assistance.

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

The guideline value is a crucial factor during property registration in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property transaction occurs, the guideline value helps ensure that the government receives the appropriate revenue from property sales. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Estate Part III?

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

How has the guideline value changed over the years?

The guideline value for Bharathi Estate Part III was Rs 300 per sq.ft in 2023 and increased to Rs 360 per sq.ft in 2024, representing a +20% change. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Bharathi Estate Part III?

Bharathi Estate Part III is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would be Rs 32,400.

Where can I find the Sub Registrar Office for Bharathi Estate Part III?

The Mettupalayam Sub Registrar Office covers Bharathi Estate Part III, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.