Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is under the Gandhipuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. In 2007, the value was Rs 278 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 87%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

The register does not have figures for Bharathi Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 296%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, which means Bharathi Nagar's current value is below this median.

• Bhaktavatsalam Street: Rs 1,100 per sq.ft (2024)
• Bharathi Park Road 1: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road 2: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 1: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 2: Rs 2,800 per sq.ft (2024)
• Bharathi Park Road Cross 3: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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?

The Sub Registrar Office that covers Bharathi Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Sanganur. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair value for the property, which can affect the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 278 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 296% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Bharathi Nagar?

The Gandhipuram Sub Registrar Office covers Bharathi Nagar, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.