Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Neruperichal village under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in 2017. Following this, the value rose significantly to Rs 705 per sq.ft in both the 2023 and 2024 revisions, marking a substantial increase of 251% from 2017 to 2023 and an overall increase of 135% from 2012 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. The guideline value remained at Rs 705 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median guideline value is Rs 705 per sq.ft, placing Bharathi Nagar's 2024 figure at this median value.

• Bhagavathiamman Nagar: Rs 705 per sq.ft (2024)
• Balaji Nagar: Rs 705 per sq.ft (2024)
• Balaji Gardern Extension: Rs 705 per sq.ft (2024)
• Balaji Garden: Rs 705 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar Extn: Rs 896 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar: Rs 875 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 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, making the total cost Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Neruperichal, as it determines the minimum value for registration purposes. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the registration process.

When purchasing property, it is essential to ensure that the sale price is not lower than the guideline value, as the higher amount will be used for calculating the applicable duties and fees. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2012 to Rs 705 per sq.ft in 2024, with significant increases noted between the revisions. The value increased by 251% from 2017 to 2023.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - III. This classification is important for understanding the zoning regulations and permissible uses of the land.

Where can I find the registration office for Bharathi Nagar?

The registration office for Bharathi Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,05,000 would incur a stamp duty of Rs 49,350 at 7%.