Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Koogaloor village under the Gobichettipalayam Joint II SRO, is Rs 205 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. Starting from Rs 30 per sq.ft in 2007, the value increased significantly to Rs 100 per sq.ft in 2012, then dropped to Rs 67 per sq.ft in 2017. After this, the value rose sharply to Rs 200 per sq.ft in 2023, and currently stands at Rs 205 per sq.ft from the 2024 revision, reflecting a 3% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 583%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koogaloor

In Koogaloor village, there are 107 streets under the Gobichettipalayam Joint II SRO, all carrying a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with the median also being Rs 205 per sq.ft. The guideline value for Bharathi Nagar is equal to this median.

• Bank Road: Rs 205 per sq.ft (2024)
• Bagavathi Street: Rs 205 per sq.ft (2024)
• Ashokmetha Street: Rs 205 per sq.ft (2024)
• Arumaikarrar Street: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 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 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, bringing the total charges to Rs 18,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area is covered by the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, 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 Koogaloor

The guideline value is a critical factor in the registration of property transactions in Koogaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are assessed based on the value of the property. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 30 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, marking a total increase of 583% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 18,450.

Which Sub Registrar Office covers Bharathi Nagar?

The Gobichettipalayam Joint II Sub Registrar Office covers Bharathi Nagar, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to assess the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately based on the property's value.