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

The guideline value for Bharathi Nagar Kavundanaikampalayam has undergone several revisions over the years. The 2024 revision sets the value at Rs 840 per sq.ft, an increase from Rs 750 per sq.ft in 2023, marking a change of +12%. Prior to that, in 2017, the value was Rs 502 per sq.ft, showing a significant increase of +49% over the six years leading up to 2023. The 2012 revision recorded a value of Rs 750 per sq.ft, which was a decrease of -33% from the Rs 605 per sq.ft noted in 2007. Overall, from 2007 to 2024, the guideline value has increased by +39%.

It is important to note that the register has no figure for Bharathi Nagar Kavundanaikampalayam for the years 2002 and 2003. The available revisions highlight the fluctuations in the guideline value over the years, reflecting the changes in the local real estate landscape.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Bharathi Nagar Kavundanaikampalayam is below this median.

• 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)
• Bharathi West 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 would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 - J

The guideline value plays a crucial role during the registration of property transactions in Ward - J. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the local real estate market.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

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 from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of +39% over the years. The most recent increase was from Rs 750 per sq.ft in 2023 to Rs 840 per sq.ft in 2024.

What is the land classification of Bharathi Nagar Kavundanaikampalayam?

Bharathi Nagar Kavundanaikampalayam is classified as Residential Class IV Type - I. This classification indicates the type of development allowed in the area.

Where is the Tiruppur Joint I Sub Registrar Office located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. This office handles the registration of properties in the area.

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, for a property valued at Rs 8,40,000, the total stamp duty and registration fees would amount to Rs 75,600.