Guideline Value for BHARATHIAR NAGAR

Bharathiar Nagar guideline value

The current guideline value of Bharathiar Nagar, located in Kangeyam village under the Kangeyam SRO, is Rs 448 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathiar Nagar has changed

The guideline value for Bharathiar Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 448 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision, reflecting a change of +12%. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, which was a significant increase of +49% from the 2012 revision that had a value of Rs 400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by -33%, and overall, from 2012 to 2024, the guideline value has increased by +12%. The changes in the guideline value reflect the adjustments made over time to align with market conditions and other factors.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value for these streets is Rs 448 per sq.ft, which is equal to the current guideline value for Bharathiar Nagar.

• Bharathiar Street: Rs 448 per sq.ft (2024)
• Bharathiar Veethi Neasavalar Colony: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road First Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty charged at 7% would amount to Rs 31,360, while the registration fee at 2% would be Rs 8,960. Therefore, the total cost for stamp duty and registration fee would be Rs 40,320. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Nagar?

The Sub Registrar Office that covers Bharathiar Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the current market conditions as reflected in the guideline value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to assess the applicable duties. This ensures that the registration process is aligned with the legal framework governing property transactions in Tamil Nadu.

Frequently asked questions

What is the current guideline value of Bharathiar Nagar?

The current guideline value of Bharathiar Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 448 per sq.ft in 2024, and from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bharathiar Nagar?

Bharathiar Nagar is classified under Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Bharathiar Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 40,320.

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

The Sub Registrar Office for Bharathiar Nagar is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.