Guideline Value for Bharathi Garden

Bharathi Garden guideline value

The current guideline value of Bharathi Garden, located in Vadavalli village under the Vadavalli SRO, is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathi Garden has changed

The guideline value for Bharathi Garden has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 85 per sq.ft. This increased to Rs 125 per sq.ft in 2007, marking a change of +47%. The 2012 revision saw a further increase to Rs 800 per sq.ft, which was a significant rise of +540%. However, in the 2017 revision, the value adjusted down to Rs 536 per sq.ft, reflecting a decrease of -33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the current 2024 revision maintains this value, showing no change from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1,076%. It is important to note that there is no figure available in the register for the year 2002 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bharathi Garden's current guideline value is below this median.

• Bharathi Nagar (Ward 5): Rs 1,100 per sq.ft (2024)
• Bharathi Nagar (Ward No. 18): Rs 1,000 per sq.ft (2024)
• Bharathi Nest Nagar: Rs 1,100 per sq.ft (2024)
• BBC Nagar: Rs 1,100 per sq.ft (2024)
• Bannariamman Nagar: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the 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 Bharathi Garden?

The Sub Registrar Office that covers Bharathi Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the authorities.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and compliance with local regulations, as buyers and sellers must adhere to the stipulated guideline value during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Garden?

The current guideline value of Bharathi Garden is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 85 per sq.ft in 2003 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of +1,076% over the years.

What is the registration office for Bharathi Garden?

The registration office for Bharathi Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Bharathi Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, resulting in a stamp duty of Rs 70,000.

What are the other streets in Vadavalli with guideline values?

Other streets in Vadavalli include Bharathi Nagar (Ward 5) at Rs 1,100 per sq.ft, Bharathi Nagar (Ward No. 18) at Rs 1,000 per sq.ft, and Bharathi Nest Nagar at Rs 1,100 per sq.ft, among others.