Guideline Value for Bharathi Avenue Phase I

Bharathi Avenue Phase I guideline value

The current guideline value of Bharathi Avenue Phase I is Rs 220 per sq.ft, effective from 1 July 2024. This property is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class III Type - V.

How the guideline value of Bharathi Avenue Phase I has changed

The guideline value for Bharathi Avenue Phase I has seen several revisions over the years. In 2012, the guideline value was Rs 130 per sq.ft. This increased to Rs 87 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, reflecting an increase of 130%. The most recent revision in 2024 set the guideline value at Rs 220 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 69%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam comprises 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for these streets is Rs 310 per sq.ft, placing Bharathi Avenue Phase I below this median.

• Bathma Nagar: Rs 450 per sq.ft (2024)
• Barathi Nagar: Rs 310 per sq.ft (2024)
• Balavinayaga Nagar: 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 Bharathi Avenue Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Avenue Phase I?

The Sub Registrar Office that covers Bharathi Avenue Phase I is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, 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 property transactions within Narasimmanaickenpalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that both the buyer and seller are aware of the official valuation of the property.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Avenue Phase I?

The current guideline value of Bharathi Avenue Phase I is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with significant increases in 2017 and 2023.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value for streets in Narasimmanaickenpalayam is Rs 310 per sq.ft, with Bharathi Avenue Phase I being below this median.

What are the stamp duty and registration fees for Bharathi Avenue Phase I?

For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total guideline value is Rs 2,20,000. The stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Bharathi Avenue Phase I located?

The Sub Registrar Office for Bharathi Avenue Phase I is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.