Guideline Value for Bharathi Nagar (1 to 6)

Bharathi Nagar (1 to 6) guideline value

The current guideline value for Bharathi Nagar (1 to 6) is Rs 1,700 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Ramanathapuram village, under the Peelamedu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar (1 to 6) has changed

Over the years, the guideline value for Bharathi Nagar (1 to 6) has seen several revisions. In 2002, the guideline value was Rs 225 per sq.ft, which increased to Rs 253 per sq.ft in 2003. Following this, the value rose to Rs 314 per sq.ft in 2007, and then significantly jumped to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then increased to Rs 1,500 per sq.ft in 2023 before reaching the current figure of Rs 1,700 per sq.ft in 2024.

The changes between revisions have varied significantly. From 2002 to 2024, there has been an overall increase of 656%. Notably, the guideline value rose by 378% from 2007 to 2012 and then saw a decrease of 33% from 2012 to 2017. The most recent change from 2023 to 2024 reflects an increase of 13%.

Guideline values in Ramanathapuram

In Ramanathapuram village, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value is Rs 1,700 per sq.ft, which aligns with the current figure for Bharathi Nagar (1 to 6).

• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Ayyavannan Lane: Rs 1,000 per sq.ft (2024)
• Athumedu: Rs 1,000 per sq.ft (2024)
• Aspire: Rs 4,190 per sq.ft (2024)
• Arunachalam Colony: Rs 1,700 per sq.ft (2024)
• Arumuga Nadar Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar (1 to 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important 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 further calculations.

Which Sub Registrar Office covers Bharathi Nagar (1 to 6)?

The Sub Registrar Office that covers Bharathi Nagar (1 to 6) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ramanathapuram. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Bharathi Nagar (1 to 6)?

The current guideline value for Bharathi Nagar (1 to 6) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions, increasing from Rs 225 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Bharathi Nagar (1 to 6)?

Bharathi Nagar (1 to 6) is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Bharathi Nagar (1 to 6)?

The Peelamedu Sub Registrar Office, which covers Bharathi Nagar (1 to 6), is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Bharathi Nagar (1 to 6)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot valued at Rs 1,700 per sq.ft would incur a total guideline value of Rs 17,00,000, leading to specific stamp duty and registration fees.