Guideline Value for BHARATHI NAGAR KAVUNDANAIKAMPALAYAM

Bharathi Nagar Kavundanaikampalayam guideline value

The current guideline value of Bharathi Nagar Kavundanaikampalayam is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bharathi Nagar Kavundanaikampalayam has changed

Looking at the historical revisions, the guideline value for Bharathi Nagar Kavundanaikampalayam has seen several changes over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in 2023. The most recent revision in 2024 has raised this to Rs 840 per sq.ft, marking a 12% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. The value rose by 24% from 2007 to 2012. 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 with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 840 per sq.ft, which is the same as the guideline value for Bharathi Nagar Kavundanaikampalayam.

• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar: Rs 840 per sq.ft (2024)
• Bharathi Street: Rs 840 per sq.ft (2024)
• Bharathidasan Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Kavundanaikampalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value comes to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. 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 further calculations.

Which Sub Registrar Office covers Bharathi Nagar Kavundanaikampalayam?

The Bharathi Nagar Kavundanaikampalayam area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 is a crucial factor when registering property transactions in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the taxes owed based on the property’s value. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Kavundanaikampalayam?

The current guideline value of Bharathi Nagar Kavundanaikampalayam 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 several times, with the most recent increase being from Rs 750 per sq.ft in 2023 to Rs 840 per sq.ft in 2024. The value has seen a significant increase of 49% from 2017 to 2023.

What is the land classification of Bharathi Nagar Kavundanaikampalayam?

Bharathi Nagar Kavundanaikampalayam is classified as Residential Class IV Type - I, which indicates its suitability for residential development.

What are the other streets in Ward - E with the same guideline value?

Several other streets in Ward - E also have a guideline value of Rs 840 per sq.ft in 2024. These include Bharathi Nagar North, Bharathi Nagar West, Bharathi Nagar 1st West Street, Bharathi Nagar, Bharathi Street, and Bharathidasan Street.

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

The Sub Registrar Office covering Bharathi Nagar Kavundanaikampalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.