Guideline Value for Bharathi Nagar (Ward 1)

Bharathi Nagar (Ward 1) guideline value

The current guideline value for Bharathi Nagar (Ward 1) is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - I.

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

The guideline value for Bharathi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision further increased it to Rs 1,325 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, and Bharathi Nagar's 2024 figure of Rs 1,325 per sq.ft is above this median.

• Bharathi Street: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 per sq.ft (2024)
• Bharathiar Street: Rs 1,015 per sq.ft (2024)
• Bavani Street - Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bavani Street: Rs 1,015 per sq.ft (2024)
• Barani Street-Devanga Nagar: Rs 1,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. It is important to note that 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 (Ward 1)?

The Bharathi Nagar (Ward 1) area is covered by 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 Kavundampalayam

The guideline value plays a crucial role during the registration of property transactions in Kavundampalayam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction complies with local regulations.

Buyers and sellers should be aware that the guideline value is set by the government and can vary by location and property type. It is essential to check the current guideline value before proceeding with any property transaction to understand the financial implications.

Frequently asked questions

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

The current guideline value for Bharathi Nagar (Ward 1) is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Vadavalli Sub Registrar Office covers Bharathi Nagar and is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Bharathi Nagar?

Stamp duty is calculated at 7% on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,325 per sq.ft, the stamp duty would be Rs 92,750.