Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 475 per sq.ft, effective from 1 July 2024. This village falls under the Udumalpettai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 425 per sq.ft, which then decreased to Rs 285 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 426 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 475 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ward - A

In Ward - A, there are 40 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 1,880 per sq.ft, with the median value being Rs 475 per sq.ft. Bharathi Nagar's 2024 guideline value aligns with this median.

• Cheran Sengutuvan Lane: Rs 380 per sq.ft (2024)
• Chinnamuthu Street: Rs 380 per sq.ft (2024)
• Devendrar Street: Rs 380 per sq.ft (2024)
• Adiyaman Street: Rs 380 per sq.ft (2024)
• E.B.Quarters: Rs 700 per sq.ft (2024)
• Express Avenue: Rs 700 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 475 per sq.ft, the total guideline value amounts to Rs 4,75,000. The stamp duty at 7% would be Rs 33,250, and the registration fee at 2% would be Rs 9,500, bringing the total cost for these fees to Rs 42,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is an essential factor in the registration process of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, it is crucial to be aware of the guideline value, as it ensures compliance with local regulations and helps in accurately calculating the associated costs.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2012 to Rs 285 per sq.ft in 2017, then to Rs 426 per sq.ft in 2023, and finally to Rs 475 per sq.ft in 2024.

What is the classification of land in Bharathi Nagar?

Bharathi Nagar is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office for Bharathi Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 475 per sq.ft, the total guideline value would be Rs 4,75,000.