Guideline Value for Bharath Nagar

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Idikarai village under the Periyanayakkan Palayam SRO, is Rs 200 per sq.ft. This value reflects the 2023 revision for this residential area classified as Residential Class II Type - I.

How the guideline value of Bharath Nagar has changed

Over the years, the guideline value of Bharath Nagar has seen various revisions. In the 2012 revision, the guideline value was set at Rs 140 per sq.ft. This figure decreased to Rs 94 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value experienced a significant increase of 113%, reaching the current guideline value of Rs 200 per sq.ft.

Overall, comparing the 2012 and 2023 revisions, there has been a net increase of 43% in the guideline value. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Idikarai

Currently, there are no specific village figures provided for Idikarai. Bharath Nagar is part of the broader Idikarai area, which falls under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Bharath Nagar?

The Sub Registrar Office that covers Bharath 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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Idikarai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the buyer will need to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 140 per sq.ft in 2012 to Rs 94 per sq.ft in 2017, and then to Rs 200 per sq.ft in 2023. This reflects a net increase of 43% from 2012 to 2023.

Is there a guideline value for Bharath Nagar in 2024?

No, the register has no figure for Bharath Nagar for the year 2024.

Where is the Sub Registrar Office for Bharath Nagar located?

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

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

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.