Guideline Value for Bharathi Nagar (Huts)

Bharathi Nagar (Huts) guideline value

The current guideline value for Bharathi Nagar (Huts) is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village, under the jurisdiction of the Mettupalayam SRO. It falls under the Residential Class V Type - I land classification.

How the guideline value of Bharathi Nagar (Huts) has changed

The guideline value for Bharathi Nagar (Huts) has seen several revisions over the years. In 2007, the value was Rs 255 per sq.ft, which increased to Rs 350 per sq.ft in 2012, marking a rise of approximately 37%. However, between 2012 and 2017, the value decreased to Rs 234 per sq.ft, a drop of 33%. The value then increased by 50% to Rs 350 per sq.ft in 2023, and it remained unchanged in the 2024 revision, maintaining the value at Rs 350 per sq.ft.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 37%.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, which means that Bharathi Nagar (Huts) is below this median value.

• Bharath Bavanam Road: Rs 600 per sq.ft (2024)
• Bhavani River Road: Rs 350 per sq.ft (2024)
• Barbar Street: Rs 600 per sq.ft (2024)
• Bangalow Medu Harijan Colony Ambathkar Qrts: Rs 350 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,500 per sq.ft (2024)
• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar (Huts)

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total charges to Rs 31,500. 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 Bharathi Nagar (Huts)?

The Sub Registrar Office that covers Bharathi Nagar (Huts) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value helps establish a fair basis for the fees involved, which are calculated based on this value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar (Huts)?

The current guideline value of Bharathi Nagar (Huts) is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 350 per sq.ft. The value increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, reflecting a 50% rise.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 700 per sq.ft. Bharathi Nagar (Huts) is below this median value at Rs 350 per sq.ft.

What are the stamp duty and registration fees for properties in Bharathi Nagar (Huts)?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Bharathi Nagar (Huts)?

The Mettupalayam Sub Registrar Office handles property registrations for Bharathi Nagar (Huts). It is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.