Guideline Value for BHARATHI NAGAR (NEAR BY KARUPPARAYAN KOVIL)

Bharathi Nagar (Near By Karupparayan Kovil) guideline value

The current guideline value of Bharathi Nagar (Near By Karupparayan Kovil) is Rs 806 per sq.ft, effective from 1 July 2024. This area is located in Thottipalayam village and falls under the Thottipalayam SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar (Near By Karupparayan Kovil) has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 725 per sq.ft, which decreased to Rs 486 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 726 per sq.ft in 2023, and then further rose by 11% to Rs 806 per sq.ft in the 2024 revision.

Between the 2023 and 2024 revisions, there was an increase of 11%. From 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft, with the median being Rs 806 per sq.ft. Bharathi Nagar's 2024 figure aligns with this median.

• Ayyappa Nagar: Rs 1,110 per sq.ft (2024)
• Avinashinagar: Rs 703 per sq.ft (2024)
• A.S.A Avenue: Rs 703 per sq.ft (2024)
• Bomma Naicken Palayam: Rs 703 per sq.ft (2024)
• Bomma Naicken Palayam (Near By Nallaru): Rs 703 per sq.ft (2024)
• Boyyampalayam: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar (Near By Karupparayan Kovil)

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, while the registration fee at 2% would be Rs 16,120, bringing the total fees to Rs 72,540. 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 information.

Which Sub Registrar Office covers Bharathi Nagar (Near By Karupparayan Kovil)?

The Sub Registrar Office covering Bharathi Nagar is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Thottipalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar (Near By Karupparayan Kovil) is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 725 per sq.ft in 2012 to Rs 486 per sq.ft in 2017, then increased to Rs 726 per sq.ft in 2023, and finally to Rs 806 per sq.ft in 2024.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Thottipalayam Sub Registrar Office?

The Thottipalayam Sub Registrar Office is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.

How is stamp duty calculated in Bharathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,06,000, the stamp duty at 7% would be Rs 56,420.