Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Villankuruchicorpration village under the Ganapathy SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Bharathi Nagar has changed

The guideline value has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 125 per sq.ft. It increased significantly to Rs 750 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 502 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 saw the value rise to Rs 1,000 per sq.ft, which was a 99% increase. Finally, the current value of Rs 1,002 per sq.ft from the 2024 revision indicates no change 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, the guideline value has increased by 702% from Rs 125 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value of Bharathi Nagar is slightly below this median.

• Bharathi Street: Rs 1,002 per sq.ft (2024)
• Bharathi Street.Sasthiri Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street,V.O.C.Nagar: Rs 1,002 per sq.ft (2024)
• Bhuvana Diamond Hill: Rs 1,670 per sq.ft (2024)
• Balaranganathapuram: Rs 1,120 per sq.ft (2024)
• Balagurugardens: Rs 1,670 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Villankuruchicorpration

The guideline value plays a crucial role in the registration process when buying or selling property in Villankuruchicorpration. It serves as a benchmark for determining the value of the property and is used to calculate 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, and the higher of the two is used to calculate the applicable duties and fees. This ensures 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 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 702% over the years.

What are the registration fees for property in Bharathi Nagar?

The registration fees for property in Bharathi Nagar are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,02,000 would incur a registration fee of Rs 20,040 at 2%.

Which Sub Registrar Office should I contact for Bharathi Nagar?

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

What is the median guideline value in Villankuruchicorpration?

The median guideline value in Villankuruchicorpration is Rs 1,003 per sq.ft, with Bharathi Nagar's value being slightly below this median at Rs 1,002 per sq.ft.