Guideline Value for Baharathi Nagar Extension

Baharathi Nagar Extension guideline value

The current guideline value of Baharathi Nagar Extension is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Lakkampatti village, under the Gobichettipalayam Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Baharathi Nagar Extension has changed

The guideline value for Baharathi Nagar Extension has undergone several revisions over the years. In the 2007 revision, the value was Rs 106 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, this value saw a decrease of 33% to Rs 201 per sq.ft in the 2017 revision. From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 300 per sq.ft. The most recent revision in 2024 maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 183%.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO, with guideline values ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Baharathi Nagar Extension above this median.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bangalow pudur Road: Rs 300 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Ashok Nagar: Rs 300 per sq.ft (2024)
• Bharathi street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Baharathi Nagar Extension?

The Sub Registrar Office that covers Baharathi Nagar Extension is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Lakkampatti. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Baharathi Nagar Extension?

The current guideline value of Baharathi Nagar Extension is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 106 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Lakkampatti?

The median guideline value for streets in Lakkampatti is Rs 275 per sq.ft, with Baharathi Nagar Extension being above this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for a property in Baharathi Nagar Extension?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Baharathi Nagar Extension?

The Gobichettipalayam Joint I Sub Registrar Office handles registrations for Baharathi Nagar Extension, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.