Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Ward 13 under the Coimbatore South Joint 1 SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,000 per sq.ft, which represents an increase of 11% from the 2023 revision, where the value was Rs 1,800 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there are no recorded figures for the guideline value of Bharathi Nagar in the register for the years mentioned. The 2024 revision marks a significant change in the guideline value, reflecting the latest assessment of property in this area.

Guideline values in Ward 13

In Ward 13, there are 56 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,600 per sq.ft, placing Bharathi Nagar's 2024 figure below that median.

• Banari amman Kovi Street: Rs 2,000 per sq.ft (2024)
• A.R.G.P.Balagurumoorthy Chettiar Layout: Rs 2,600 per sq.ft (2024)
• Caption Palaniswamy Layout: Rs 2,600 per sq.ft (2024)
• Angammal Layout: Rs 2,000 per sq.ft (2024)
• Anbu Street: Rs 2,000 per sq.ft (2024)
• Anbagam Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty is calculated at 7%, resulting in Rs 1,40,000, while the registration fee at 2% amounts to Rs 40,000. Together, the total fees would be Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward 13

The guideline value plays a crucial role during the registration of property transactions in Ward 13. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 11%, from Rs 1,800 per sq.ft to Rs 2,000 per sq.ft.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty rates applicable in Bharathi Nagar?

The stamp duty in Bharathi Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Sub Registrar Office covering Bharathi Nagar is located at No.410a, Raja Street, Coimbatore-641001. This office handles all registrations for properties in the area.