Guideline Value for BHARATHI ESTATE PART II

Bharathi Estate Part II guideline value

The current guideline value of Bharathi Estate Part II is Rs 360 per sq.ft, effective from 1 July 2024. This property is located in Karamadai village, under the Mettupalayam Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of Bharathi Estate Part II has changed

The guideline value for Bharathi Estate Part II has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a revision in 2023 at Rs 300 per sq.ft, which increased to Rs 360 per sq.ft in the 2024 revision, marking a change of +20%.

Prior to the 2023 revision, the guideline value for this street was not available in the register for the specified years. The 2024 figure of Rs 360 per sq.ft is below the median guideline value of Rs 800 per sq.ft for the 180 streets in Karamadai under the Mettupalayam SRO.

Guideline values in Karamadai

In Karamadai village, the guideline values range from Rs 340 to Rs 1,680 per sq.ft as per the 2024 revision. Bharathi Estate Part II's value of Rs 360 per sq.ft is below the median of Rs 800 per sq.ft. The following are the guideline values for other streets in Karamadai:

• Bharathi Estate Extension: 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 Part II

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 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 detailed calculations.

Which Sub Registrar Office covers Bharathi Estate Part II?

The Bharathi Estate Part II 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you proceed with a sale or purchase, the guideline value ensures that both parties are aware of the minimum value recognized by the government for taxation purposes. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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

What is the land classification for Bharathi Estate Part II?

Bharathi Estate Part II is classified as Residential Class IV Type - II. This classification is important for understanding the type of developments allowed in the area.

What are the stamp duty and registration fees for properties in Bharathi Estate Part II?

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 calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Estate Part II located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. It is the office responsible for property registrations in this area.