Guideline Value for BHARATHIDASAN NAGAR

Bharathidasan Nagar guideline value

The current guideline value of Bharathidasan Nagar is Rs 701 per sq.ft, effective from 1 July 2024. This area falls under Ward - A village, within the Tiruppur Joint II SRO, and is classified as Residential Class V Type - I.

How the guideline value of Bharathidasan Nagar has changed

The guideline value for Bharathidasan Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 218 per sq.ft, which rose to Rs 325 per sq.ft in 2012. The value then increased to Rs 700 per sq.ft in 2023, and currently stands at Rs 701 per sq.ft as per the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 221%. However, there was a decrease of 33% from 2012 to 2017. The value saw a significant increase of 67% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 259%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median value for this area is Rs 709 per sq.ft, placing Bharathidasan Nagar's 2024 figure below that median.

• Bharathi 3rd street: Rs 701 per sq.ft (2024)
• Bharathi 2nd street: Rs 701 per sq.ft (2024)
• Bharathi 1st street: Rs 701 per sq.ft (2024)
• Bharathi Nagar: Rs 707 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 707 per sq.ft (2024)
• Bharathipuram: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, while the registration fee at 2% would be Rs 14,020, bringing the total cost to Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Nagar?

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

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

The guideline value is a crucial reference point during property transactions in Ward - A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in this area.

When registering a property, the guideline value ensures transparency and uniformity in the valuation process, helping both buyers and sellers understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar?

The current guideline value of Bharathidasan Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase of 221% from 2017 to 2023, and a 259% increase overall from 2007 to 2024.

What is the registration office for Bharathidasan Nagar?

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

How is stamp duty calculated in Bharathidasan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 49,070.

What are the other streets in Ward - A with similar guideline values?

Other streets in Ward - A include Bharathi 3rd street, Bharathi 2nd street, Bharathi 1st street, Bharathi Nagar, Bharathi Nagar 1st West Street, and Bharathipuram, all with guideline values ranging from Rs 701 to Rs 707 per sq.ft in 2024.