Guideline Value for Bharathi Nagar (Ward 5)

Bharathi Nagar (Ward 5) guideline value

The current guideline value for Bharathi Nagar (Ward 5) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar (Ward 5) has changed

The guideline value for Bharathi Nagar (Ward 5) has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a rise to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for this street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 of Rs 1,100 per sq.ft. The guideline value for Bharathi Nagar (Ward 5) is equal to this median.

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

Stamp duty and registration fee for property in Bharathi Nagar (Ward 5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Bharathi Nagar (Ward 5)?

The Bharathi Nagar (Ward 5) area falls under 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 crucial during property transactions in Vadavalli, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with local regulations and helps in accurately determining the costs associated with property registration.

Frequently asked questions

What is the current guideline value for Bharathi Nagar (Ward 5)?

The current guideline value for Bharathi Nagar (Ward 5) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. This represents a 10% increase from 2023 to 2024.

What is the land classification for Bharathi Nagar (Ward 5)?

Bharathi Nagar (Ward 5) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Where can I find the Sub Registrar Office for Bharathi Nagar (Ward 5)?

The Vadavalli Sub Registrar Office covers Bharathi Nagar (Ward 5) and is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.