Guideline Value for Bharathi Nagar 1, 2, 3

Bharathi Nagar 1, 2, 3 guideline value

The current guideline value for Bharathi Nagar 1, 2, 3 is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village and falls under the jurisdiction of the Singanallur SRO. The land classification for this region is Residential Class I Type - II.

How the guideline value of Bharathi Nagar 1, 2, 3 has changed

The guideline value for Bharathi Nagar 1, 2, 3 has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 750 per sq.ft. This figure increased to Rs 502 per sq.ft in 2017, which was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 99%, bringing it to Rs 1,000 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%, reflecting the changes in the property market over the years.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, indicating that Bharathi Nagar 1, 2, 3's 2024 figure is below this median.

• Bharathi Nagar (Aerodrome Rd): Rs 1,000 per sq.ft (2024)
• Bethel Nagar (SIHS colony): Rs 1,002 per sq.ft (2024)
• Beema Street 1,2: Rs 1,680 per sq.ft (2024)
• Bazzar Street: Rs 1,680 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 1, 2, 3

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

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar 1, 2, 3?

The Sub Registrar Office that covers Bharathi Nagar 1, 2, 3 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware that the guideline value or the sale price, whichever is higher, will be used to calculate these fees.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions. It is advisable to consult the latest guideline values before proceeding with any property dealings in the area.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 1, 2, 3?

The current guideline value for Bharathi Nagar 1, 2, 3 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 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Bharathi Nagar 1, 2, 3?

The land classification for Bharathi Nagar 1, 2, 3 is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Bharathi Nagar 1, 2, 3?

The Sub Registrar Office for Bharathi Nagar 1, 2, 3 is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Bharathi Nagar 1, 2, 3?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 70,000.