Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 360 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO and 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 2012 revision set the value at Rs 325 per sq.ft, which then decreased to Rs 218 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50% to Rs 326 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 360 per sq.ft, marking a 10% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 11%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that have a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, placing Bharathi Nagar's 2024 guideline value below this median.

• Bhuvaneswari Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Arivozhi Nagar: Rs 340 per sq.ft (2024)
• Annapoorani Nagar: Rs 500 per sq.ft (2024)
• Chandramani Nagar: Rs 370 per sq.ft (2024)
• Anna Nagar: Rs 500 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 360 per sq.ft, the total guideline value amounts to Rs 3,60,000. The stamp duty is charged at 7%, totaling Rs 25,200, while the registration fee is 2%, amounting to Rs 7,200. Together, the total cost for stamp duty and registration fees would be Rs 32,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar falls under the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

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

When a property is bought or sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, with the most recent revision in 2024 increasing it to Rs 360 per sq.ft from Rs 326 per sq.ft in 2023. The value has increased by 50% from Rs 218 per sq.ft in 2017 to 2023.

What is the land classification of Bharathi Nagar?

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

Where can I find the registration office for Bharathi Nagar?

The registration office for Bharathi Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated in Bharathi Nagar?

Stamp duty in Bharathi Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.