Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 729 per sq.ft, effective from 1 July 2024. Bharathi Nagar is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Mixed Type - I land.

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 130 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, this was followed by a significant drop to Rs 335 per sq.ft in 2017. From 2017 to 2023, the value rose sharply by 109% to reach Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 729 per sq.ft, reflecting a 4% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 461%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Bharathi Nagar's 2024 figure above this median.

• Bhagavathi Amman Nagar: Rs 728 per sq.ft (2024)
• Bannariamman Garden (228): Rs 721 per sq.ft (2024)
• Balaji Nagar: Rs 714 per sq.ft (2024)
• Balabakkiya Nagar: Rs 728 per sq.ft (2024)
• Ayesha Nagar: Rs 704 per sq.ft (2024)
• A.V.T.Nagar: Rs 708 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 729 per sq.ft, the total guideline value would be Rs 7,29,000. The stamp duty at 7% would amount to Rs 51,030, and the registration fee at 2% would be Rs 14,580, bringing the total to Rs 65,610. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nallur. It serves as the basis for calculating the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 729 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 130 per sq.ft in 2007 to Rs 729 per sq.ft in 2024, marking an overall increase of 461%.

What is the median guideline value in Nallur?

The median guideline value for the streets in Nallur is Rs 714 per sq.ft, with Bharathi Nagar's 2024 figure of Rs 729 per sq.ft being above this median.

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

For a property valued at Rs 7,29,000, the stamp duty would be Rs 51,030 and the registration fee would be Rs 14,580, totaling Rs 65,610.

Which office handles registrations for Bharathi Nagar?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Bharathi Nagar, located near Hotel Riverview, Nagapattinam 611002.