Guideline Value for BHARATHI NAGAR 1ST WEST STREET

Bharathi Nagar 1st West Street guideline value

The current guideline value for Bharathi Nagar 1st West Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Ward - E village, under the Tiruppur Joint I SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Bharathi Nagar 1st West Street has changed

The guideline value for Bharathi Nagar 1st West Street has undergone several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it decreased to Rs 502 per sq.ft in 2017. The value then rose significantly to Rs 750 per sq.ft in 2023, and currently stands at Rs 840 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 12% rise. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with the median value being Rs 840 per sq.ft. Bharathi Nagar 1st West Street's 2024 guideline value is equal to this median.

• Bharathi Nagar: Rs 840 per sq.ft (2024)
• Bharathi Nagar Kavundanaikampalayam: Rs 840 per sq.ft (2024)
• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathidasan Street: Rs 840 per sq.ft (2024)
• Bharathi Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 1st West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, while the registration fee at 2% would be Rs 16,800. Together, the total cost for these fees would be Rs 75,600. Please 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 further calculations.

Which Sub Registrar Office covers Bharathi Nagar 1st West Street?

The Sub Registrar Office that covers Bharathi Nagar 1st West Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - E

The guideline value plays a crucial role in determining the registration fees and stamp duty when buying or selling property in Ward - E. It is used as a benchmark to assess the value of the property being registered, ensuring that the fees are calculated accurately based on the established rates.

When a property transaction occurs, the guideline value is referenced to determine the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the current guideline values.

Frequently asked questions

What is the current guideline value for Bharathi Nagar 1st West Street?

The current guideline value for Bharathi Nagar 1st West Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with various revisions occurring in between, including a decrease to Rs 502 per sq.ft in 2017.

What is the land classification for Bharathi Nagar 1st West Street?

Bharathi Nagar 1st West Street falls under the Residential Class IV Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bharathi Nagar 1st West Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,40,000 would incur a stamp duty of Rs 58,800 at 7%.