Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR

₹890/sq.ft.

The guideline value for Bharathi Nagar in Velampalayam village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 890 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 11% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Velampalayam

Village

Tiruppur Joint II

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹890 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960035
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bharathi Nagar

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Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 890 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Bharathi Nagar has changed

Since the 2012 revision, the guideline value for Bharathi Nagar has seen various changes. The 2012 figure was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and further rose to Rs 890 per sq.ft in the 2024 revision, marking an increase of 11% from 2023 to 2024 and a total increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The fluctuations in the values reflect the changes in the real estate landscape in the area over the years.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. The guideline value for Bharathi Nagar is above this median, indicating a relatively higher valuation compared to many other streets in the village.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 890 per sq.ft, the total guideline value amounts to Rs 8,90,000. The stamp duty at 7% would be Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total fees together to Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, 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 Tiruppur Joint II 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 more details.

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

The guideline value plays a crucial role in property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 890 per sq.ft in 2024.

What is the land classification for Bharathi Nagar?

The land classification for Bharathi Nagar is Mixed Type - I.

Where can I find the registration office for Bharathi Nagar?

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

How is stamp duty calculated for properties in Bharathi Nagar?

Stamp duty for properties in Bharathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same amount.