Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Veerakeralam village under the Thondamuthur SRO, is Rs 1,100 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

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a significant drop of 33%. The value then increased to Rs 1,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase, indicating fluctuations in property values over the years.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value, ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,014 per sq.ft, placing Bharathi Nagar's 2024 figure above that median.

• Bharathi Nager: Rs 1,100 per sq.ft (2024)
• Bhoopathy Raja Nagar: Rs 1,014 per sq.ft (2024)
• Bala Ganeshapuram: Rs 1,012 per sq.ft (2024)
• Baby Gardens: Rs 1,012 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 per sq.ft (2024)
• Arokkiya Matha Nager: Rs 1,014 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is calculated at 7%, resulting in Rs 77,000, while the registration fee is charged at 2%, amounting to Rs 22,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Veerakeralam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is the stamp duty calculated for properties in Bharathi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty would be Rs 77,000.