Guideline Value for Bharathi Nagar (Ward No. 18)

Bharathi Nagar (Ward No. 18) guideline value

The current guideline value of Bharathi Nagar (Ward No. 18) is Rs 1,000 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 - II.

How the guideline value of Bharathi Nagar (Ward No. 18) has changed

Over the years, the guideline value for Bharathi Nagar (Ward No. 18) has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value back to Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, making Bharathi Nagar (Ward No. 18) below this median at Rs 1,000 per sq.ft.

• Bharathi Nagar (Ward 5): Rs 1,100 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 No. 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar (Ward No. 18)?

Bharathi Nagar (Ward No. 18) falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to assess the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar (Ward No. 18)?

The current guideline value of Bharathi Nagar (Ward No. 18) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, remaining the same in 2024.

What is the median guideline value in Vadavalli?

The median guideline value in Vadavalli is Rs 1,100 per sq.ft, with Bharathi Nagar (Ward No. 18) currently below this median at Rs 1,000 per sq.ft.

What are the stamp duty rates for property in Bharathi Nagar?

The stamp duty for property in Bharathi Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Sub Registrar Office covering Bharathi Nagar (Ward No. 18) is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.