Guideline Value for Bharathi Nagar - 2

Bharathi Nagar - 2 guideline value

The current guideline value for Bharathi Nagar - 2 is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharathi Nagar - 2 has changed

The guideline value of Bharathi Nagar - 2 has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, and the latest revision in 2024 raised it further to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Between 2012 and 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,670 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value for Bharathi Nagar - 2.

• Bharathi Nagar - 3: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 4: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 5: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 6: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 10: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 1: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar - 2?

The Sub Registrar Office that covers Bharathi Nagar - 2 is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perianaickenpalayam. It is used as a reference point for calculating stamp duty and registration fees during the property registration process.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathi Nagar - 2?

The current guideline value of Bharathi Nagar - 2 is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Bharathi Nagar - 2?

Bharathi Nagar - 2 is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Bharathi Nagar - 2?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Bharathi Nagar - 2?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for Bharathi Nagar - 2, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.