Guideline Value for BHARATHI NAGAR (629,630,632)

Bharathi Nagar (629,630,632) guideline value

The current guideline value for Bharathi Nagar (629,630,632) is Rs 722 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Bharathi Nagar (629,630,632) has changed

The guideline value for Bharathi Nagar has seen significant changes over the years. The 2012 revision set the value at Rs 575 per sq.ft, which then decreased to Rs 385 per sq.ft in 2017. Following this, the value increased substantially to Rs 700 per sq.ft in 2023, marking an 82% rise since 2017. The most recent revision in 2024 has further increased the guideline value to Rs 722 per sq.ft, reflecting a 3% increase from 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 26%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing Bharathi Nagar's 2024 figure above this median.

• Bhagavathi Nagar: Rs 709 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar (629,630,632)

For a 1,000 sq.ft plot at the current guideline value of Rs 722 per sq.ft, the total guideline value amounts to Rs 7,22,000. The stamp duty at 7% would be Rs 50,540, and the registration fee at 2% would be Rs 14,440, bringing the total charges to Rs 64,980. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar (629,630,632)?

The Sub Registrar Office that covers Bharathi Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Veerapandi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions, while also providing a transparent framework for buyers and sellers.

Frequently asked questions

What is the current guideline value for Bharathi Nagar?

The current guideline value for Bharathi Nagar (629,630,632) is Rs 722 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 722 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Mixed Special Type - I, indicating its diverse land use and potential for various types of development.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office for Bharathi Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total charge of Rs 64,980.