Guideline Value for Bharath Nagar (Ward 14)

Bharath Nagar (Ward 14) guideline value

The current guideline value of Bharath Nagar (Ward 14) is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Bharath Nagar (Ward 14) has changed

The guideline value for Bharath Nagar (Ward 14) has seen several revisions over the years. In 2012, the value was set at Rs 950 per sq.ft, which then decreased to Rs 636 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,075 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 13%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,040 per sq.ft, placing Bharath Nagar (Ward 14) above this median.

• Bilal Colony: Rs 1,040 per sq.ft (2024)
• Bharathi Nagar (Ward 2): Rs 1,075 per sq.ft (2024)
• Balaji Nagar (Ward 13): Rs 1,040 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)
• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, making the total charges Rs 96,750. 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 detailed calculations.

Which Sub Registrar Office covers Bharath Nagar (Ward 14)?

The Sub Registrar Office covering Bharath Nagar (Ward 14) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when it comes to property registration in Kurichi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process. This ensures that both buyers and sellers are aware of the financial implications associated with property transactions.

Frequently asked questions

What is the current guideline value of Bharath Nagar (Ward 14)?

The current guideline value of Bharath Nagar (Ward 14) is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification of Bharath Nagar (Ward 14)?

Bharath Nagar (Ward 14) is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for Bharath Nagar (Ward 14)?

The Sub Registrar Office for Bharath Nagar (Ward 14) is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for property in Bharath Nagar (Ward 14)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,75,000 would incur a stamp duty of Rs 75,250 at 7%.