Guideline Value for BHARATHI ESTATE PART VII

Bharathi Estate Part VII guideline value

The current guideline value of Bharathi Estate Part VII is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Bharathi Estate Part VII has changed

According to the guideline value register, there are no recorded figures for Bharathi Estate Part VII in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 400 per sq.ft, which increased by 10% to Rs 440 per sq.ft in the 2024 revision.

This change reflects a consistent upward adjustment in the guideline value over the past year. The current value of Rs 440 per sq.ft is the latest figure available and indicates a significant increase compared to the previous year's value.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Bharathi Estate Part VII's 2024 guideline value below that median.

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

Stamp duty and registration fee for property in Bharathi Estate Part VII

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, amounts to Rs 30,800, while the registration fee at 2% totals Rs 8,800. Together, the total cost for stamp duty and registration fees would be Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Estate Part VII?

The Bharathi Estate Part VII 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 plays a crucial role in property transactions in Karamadai. It is the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable fees. This ensures that the transaction is recorded accurately and reflects the value of the property in accordance with government regulations.

Frequently asked questions

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

The current guideline value of Bharathi Estate Part VII is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathi Estate Part VII has seen an increase from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, reflecting a 10% rise.

What are the guideline values of other streets in Karamadai?

Other streets in Karamadai have varying guideline values, with Bharathi Estate Part IV at Rs 560 per sq.ft and Bharathi Avenue at Rs 800 per sq.ft. The values range from Rs 340 to Rs 1,680 per sq.ft across the village.

What fees are associated with buying property in Bharathi Estate Part VII?

When buying property in Bharathi Estate Part VII, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.