Guideline Value for BHARATHI ESTATE PART V

Bharathi Estate Part V guideline value

The current guideline value of Bharathi Estate Part V 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 V has changed

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

This increase reflects the adjustments made in the guideline values over the years. The current figure of Rs 360 per sq.ft is effective from 1 July 2024, and it is essential for buyers and sellers to be aware of these changes when engaging in property transactions.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values for 2024 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 Part V's current figure is below the median.

• Bharathi Estate Part IV: Rs 560 per sq.ft (2024)
• Bharathi Estate Part VII: Rs 440 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 V

For a 1,000 sq.ft plot at the current rate of Rs 360 per sq.ft, the guideline value amounts to Rs 3,60,000. The stamp duty at 7% is Rs 25,200, and the registration fee at 2% is 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 details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Estate Part V?

The Mettupalayam Sub Registrar Office covers Bharathi Estate Part V. The address is 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 critical factor during the registration of property transactions in Karamadai. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the government's assessment.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the stamp duty and registration fees. This ensures compliance with legal requirements and helps in the smooth processing of property transactions.

Frequently asked questions

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

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

How has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 360 per sq.ft in 2024, representing a change of +20%.

What is the land classification for Bharathi Estate Part V?

Bharathi Estate Part V is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Bharathi Estate Part V?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 32,400, based on the current guideline value of Rs 3,60,000.

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

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