Guideline Value for BHARATHI NAGER

Bharathi Nager guideline value

The current guideline value of Bharathi Nager, 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 Nager has changed

The guideline value of Bharathi Nager has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which rose significantly to Rs 1,000 per sq.ft in 2012, marking an increase of 900%. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a decline of 33%. The value increased again to Rs 1,000 per sq.ft in 2023, and most recently, it has risen to Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 1000%, showcasing substantial growth over the years. The 2023 to 2024 change of 10% indicates a continued upward trend in the valuation of properties in this area.

Guideline values in Veerakeralam

In Veerakeralam village, 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, with a median value of Rs 1,014 per sq.ft. Bharathi Nager's 2024 figure of Rs 1,100 per sq.ft is above this median.

• Bharathi Nagar: 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 Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nager?

The Sub Registrar Office that covers Bharathi Nager is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the 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 plays a crucial role during the registration of property transactions in Veerakeralam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property transfer. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the legal requirements during the registration process.

When a property is sold, the guideline value is often considered as a benchmark for the transaction. It ensures that the property is valued fairly for the purpose of taxation and registration, providing a standardized approach within the region.

Frequently asked questions

What is the current guideline value of Bharathi Nager?

The current guideline value of Bharathi Nager 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 significantly from Rs 100 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1000% over the years.

What is the land classification for Bharathi Nager?

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

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Bharathi Nager?

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