Guideline Value for Barathi Nagar

Barathi Nagar guideline value

The current guideline value of Barathi Nagar, located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Barathi Nagar has changed

Over the years, the guideline value of Barathi Nagar has seen several revisions. The 2012 revision set the value at Rs 280 per sq.ft, which changed to Rs 188 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 281 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 310 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam village has a total of 153 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for these streets is Rs 310 per sq.ft, which is equal to the current guideline value of Barathi Nagar.

• Bathma Nagar: Rs 450 per sq.ft (2024)
• Balavinayaga Nagar: Rs 220 per sq.ft (2024)
• Bharathi Avenue Phase I: Rs 220 per sq.ft (2024)
• Balaji Nagar: Rs 560 per sq.ft (2024)
• Backyam avenue: Rs 380 per sq.ft (2024)
• Arijana Colony (Ward 7): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, resulting in a total of Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Barathi Nagar?

The Sub Registrar Office that covers Barathi Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, 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 Narasimmanaickenpalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Narasimmanaickenpalayam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the correct amounts are paid to the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the market conditions and property values.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 280 per sq.ft to Rs 310 per sq.ft in 2024, with notable increases and decreases in between. The most significant change was a 49% increase from 2017 to 2023.

What is the land classification of Barathi Nagar?

Barathi Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The Sub Registrar Office for Barathi Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Barathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 21,700.