Guideline Value for Bharathi Nagar (Ward 2)

Bharathi Nagar (Ward 2) guideline value

The current guideline value of Bharathi Nagar (Ward 2) is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village under the Coimbatore North Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Bharathi Nagar (Ward 2) has changed

Over the years, the guideline value for Bharathi Nagar (Ward 2) has seen several revisions. The 2012 revision set the value at Rs 950 per sq.ft, which then decreased to Rs 636 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 1,075 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 57%. The change from 2023 to 2024 reflects an 8% increase. Overall, comparing the values from 2012 to 2024, there has been a 13% increase in the guideline value.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Bharathi Nagar (Ward 2) above this median.

• Bharath Nagar (Ward 14): Rs 1,075 per sq.ft (2024)
• Bilal Colony: Rs 1,040 per sq.ft (2024)
• Balaji Nagar (Ward 13): Rs 1,040 per sq.ft (2024)
• Bajanai Kovil Street (Ward 6): Rs 1,040 per sq.ft (2024)
• Ayyavu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)
• Ayyasamy Naicker Street (Ward 4): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar (Ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500. Together, the total cost for these fees would be Rs 96,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar (Ward 2)?

The Sub Registrar Office that covers Bharathi Nagar (Ward 2) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kurichi. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar (Ward 2)?

The current guideline value of Bharathi Nagar (Ward 2) is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally reached Rs 1,075 per sq.ft in 2024.

What is the land classification of Bharathi Nagar (Ward 2)?

Bharathi Nagar (Ward 2) is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

What is the median guideline value in Kurichi?

The median guideline value for streets in Kurichi is Rs 1,040 per sq.ft, with Bharathi Nagar (Ward 2) being above this median at Rs 1,075 per sq.ft.

Where can I find more information about registration fees?

You can find more information about registration fees and stamp duty using our stamp duty and registration fee calculator.