Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Lakkampatti village under the Gobichettipalayam Joint I SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathi Nagar has changed

Over the years, the guideline value for Bharathi Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 106 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a rise of 183%. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a decline of 33%. The value then rose again to Rs 300 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 183%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO, with guideline values ranging from Rs 200 to Rs 450 per sq.ft. The median value is Rs 275 per sq.ft, and Bharathi Nagar's 2024 figure of Rs 300 per sq.ft is above this median.

• Bharathi street: Rs 250 per sq.ft (2024)
• Bharath Nagar: Rs 250 per sq.ft (2024)
• Bangalow pudur Road: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Baharathi Nagar Extension: Rs 300 per sq.ft (2024)
• Aviayar Street (84): Rs 250 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar falls under the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Lakkampatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 106 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017, and finally returning to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Lakkampatti?

The median guideline value in Lakkampatti is Rs 275 per sq.ft, with Bharathi Nagar's value being above this median at Rs 300 per sq.ft.

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

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. This is calculated based on the guideline value.

Which office handles the registration for Bharathi Nagar?

The Gobichettipalayam Joint I Sub Registrar Office handles the registration for Bharathi Nagar, located at No.81, Old Hospital Street, Gobichettipalayam.