Guideline Value for Bharath Nagar

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Ward 4 village under the Pollachi SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - III land classification.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 280 per sq.ft in 2012. However, there was a decrease to Rs 188 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 300 per sq.ft, which will remain the same in the upcoming 2024 revision.

From 2017 to 2023, the guideline value increased by 60%. The 2024 revision shows no change from the 2023 figure, maintaining the value at Rs 300 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for this area is Rs 675 per sq.ft, making Bharath Nagar's 2024 figure below that median.

• Bangalow Road: Rs 2,500 per sq.ft (2024)
• Balakrishna Layout: Rs 420 per sq.ft (2024)
• Azakapuri Road: Rs 420 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar

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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharath Nagar?

The Bharath Nagar area falls under the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property in Ward 4, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures transparency in property transactions and helps in standardizing the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar 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 200 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, with a notable increase of 60% from 2017 to 2023. The value remained the same from 2023 to 2024.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, with Bharath Nagar's 2024 figure being below this median.

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

The stamp duty is calculated at 7%, and the registration fee is at 2% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, these fees total Rs 27,000 based on the current guideline value.

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

The Sub Registrar Office covering Bharath Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. You can find your SRO through the provided link.