Guideline Value for Bharathi Nagar 359/1 to 10

Bharathi Nagar 359/1 to 10 guideline value

The current guideline value for Bharathi Nagar 359/1 to 10 is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Mulanur village under the Moolanur SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathi Nagar 359/1 to 10 has changed

Over the years, the guideline value for Bharathi Nagar 359/1 to 10 has experienced several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 figure was Rs 201 per sq.ft, reflecting a decrease of 33% from the previous revision. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also confirms it at Rs 300 per sq.ft, indicating no change from the previous year.

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, there has been a net change of 0% in the guideline value.

Guideline values in Mulanur

In Mulanur, there are 77 streets under the Moolanur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 241 per sq.ft. Bharathi Nagar 359/1 to 10 is above this median value.

• Arivozhi Nagar 583/1: Rs 300 per sq.ft (2024)
• Anna Nagar main road ward 7 .516/2,3,4,5.590.591: Rs 300 per sq.ft (2024)
• Anna nagar east street ward 9 515/1A,1B,2,3,516/1,516/6 TO 12,593/1 TO 9: Rs 300 per sq.ft (2024)
• Chinnara valasu Madurai Veeran kovil street ward 5 390: Rs 200 per sq.ft (2024)
• Chinnaravalasu Savadi street ward 5 390: Rs 200 per sq.ft (2024)
• East Harijana StreetGanesan puthur ward 2 689/4: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 359/1 to 10

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. 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 details.

Which Sub Registrar Office covers Bharathi Nagar 359/1 to 10?

The Sub Registrar Office that covers Bharathi Nagar 359/1 to 10 is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Mulanur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, and it ensures that the state receives the appropriate revenue from property sales.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value for Bharathi Nagar 359/1 to 10?

The current guideline value for Bharathi Nagar 359/1 to 10 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to the current value in 2023, which was maintained through to 2024.

What is the land classification for Bharathi Nagar 359/1 to 10?

Bharathi Nagar 359/1 to 10 falls under the Residential Class II Type - I land classification.

Where is the Moolanur Sub Registrar Office located?

The Moolanur Sub Registrar Office is located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.