Guideline Value for Bharath Nagar

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Lakkampatti village, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Gobichettipalayam Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharath Nagar has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 167 per sq.ft. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with a median of Rs 275 per sq.ft. Bharath Nagar's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharath Nagar?

The Gobichettipalayam Joint I Sub Registrar Office covers Bharath Nagar. The office is 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 crucial during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with legal requirements during transactions.

When a property is sold, the guideline value is used to assess the tax obligations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. The value was previously Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the guideline values of other streets in Lakkampatti?

Other streets in Lakkampatti have guideline values ranging from Rs 250 to Rs 300 per sq.ft in 2024. Bharath Nagar's value is below the median of Rs 275 per sq.ft for the area.

What are the stamp duty and registration fees for properties in Bharath Nagar?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Bharath Nagar?

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