Guideline Value for BHRATHI NAGAR

Bhrathi Nagar guideline value

The current guideline value of Bhrathi Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 705 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Bhrathi Nagar has changed

The guideline value for Bhrathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which increased to Rs 167 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 705 per sq.ft, representing a remarkable increase of 322%. The 2023 revision maintained the same value of Rs 705 per sq.ft, and the current 2024 revision also reflects this figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 182%.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. Bhrathi Nagar's 2024 figure of Rs 705 per sq.ft is above this median.

• Balaji Nagar Extn: Rs 705 per sq.ft (2024)
• Balaji Nagar 2: Rs 705 per sq.ft (2024)
• Avm Nagar: Rs 711 per sq.ft (2024)
• Ashok Nagar: Rs 700 per sq.ft (2024)
• Arun Garden: Rs 700 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Bhrathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, leading to a total cost of Rs 63,450 for these fees. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bhrathi Nagar?

The Sub Registrar Office that covers Bhrathi Nagar is the Tiruppur Joint I 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Muthanampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Bhrathi Nagar?

The current guideline value of Bhrathi Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 705 per sq.ft in both 2023 and 2024.

What are the other streets in Muthanampalayam with similar guideline values?

Other streets in Muthanampalayam with similar guideline values include Balaji Nagar Extn and Balaji Nagar 2, both at Rs 705 per sq.ft, as well as Avm Nagar at Rs 711 per sq.ft.

How is stamp duty calculated in Bhrathi Nagar?

Stamp duty in Bhrathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 705 per sq.ft incurs a stamp duty of Rs 49,350.

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

The Sub Registrar Office for Bhrathi Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602. You can find more information by visiting the official website.