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Guideline Value

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Guideline Value for BHARATHI NAGAR, G.E.M.NAGAR 1,2,3,4.5 CROSS

₹1400/sq.ft.

The guideline value for Bharathi Nagar, G.e.m.nagar 1,2,3,4.5 Cross in Ganapathy village (Ganapathy SRO, Coimbatore zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1250 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ganapathy

Village

Ganapathy

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹837 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sankaralinganar Road, Maniyakaranpalayam , Ganapathy, Coimbatore. 641006.
0422-2539950
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bharathi Nagar, G.e.m.nagar 1,2,3,4.5 Cross

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Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross guideline value

The current guideline value for Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross is Rs 1,400 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village under the Ganapathy SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross has changed

Over the years, the guideline value of Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross has seen several revisions. The 2012 revision set the value at Rs 1,250 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 837 per sq.ft. The 2023 revision increased the value to Rs 1,250 per sq.ft, and the latest 2024 revision further raised it to Rs 1,400 per sq.ft, marking a 12% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO with 2024 guideline values ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, indicating that Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross is above this median.

Stamp duty and registration fee for property in Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross?

The Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross area falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ganapathy. It serves as a benchmark for determining the minimum price at which a property can be sold and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and the seller. It helps in maintaining transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross?

The current guideline value of Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, marking a 12% increase. It was Rs 837 per sq.ft in 2017, which increased by 49% to Rs 1,250 per sq.ft in 2023.

What is the land classification for this area?

Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

The Ganapathy Sub Registrar Office covers Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is 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, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.