Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 650%. However, the value dropped to Rs 502 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the guideline value surged to Rs 1,000 per sq.ft, reflecting an increase of 99%. The most recent revision in 2024 set the value at Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for Bharathi Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 910%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, placing Bharathi Nagar's 2024 figure above this median.

• Bethal Nagar: Rs 1,007 per sq.ft (2024)
• Bharathi Veethi: Rs 1,007 per sq.ft (2024)
• Bankers Nagar-1,Sri Kaliamman Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)
• Bankers Colony Phase 2: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total cost together to Rs 90,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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 duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting a total increase of 910% over the years.

What is the median guideline value in Villankuruchi?

The median guideline value in Villankuruchi is Rs 1,008 per sq.ft, with Bharathi Nagar's current value being above this median.

What are the stamp duty and registration fees for a property in Bharathi Nagar?

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700, and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles registrations for Bharathi Nagar?

The Ganapathy Sub Registrar Office handles registrations for Bharathi Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.