Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar in Thudiyalur village is Rs 1,018 per sq.ft, effective from 1 July 2024. This area falls under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathi Nagar has changed

Over the years, the guideline value of Bharathi Nagar has seen significant changes. The 2007 revision recorded a value of Rs 140 per sq.ft, which increased to Rs 450 per sq.ft in 2012. However, this value decreased to Rs 301 per sq.ft in 2017. The most notable change occurred between 2017 and 2023, where the value surged to Rs 1,000 per sq.ft, marking an increase of 232%. The latest revision in 2024 set the guideline value at Rs 1,018 per sq.ft, reflecting a 2% increase from the previous year.

The register has no figure for this street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 627%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing the guideline value of Bharathi Nagar slightly below this median.

• Best People Colony: Rs 1,009 per sq.ft (2024)
• Bharathiyar Street: Rs 1,014 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 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 1,018 per sq.ft, the total guideline value would be Rs 10,18,000. The stamp duty at 7% would amount to Rs 71,260, and the registration fee at 2% would be Rs 20,360, bringing the total cost for these fees to Rs 91,620. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar is covered by the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for additional details.

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

The guideline value is a crucial factor in property transactions in Thudiyalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is officially recognized and recorded in the government registry, providing legal protection to both parties involved.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,018 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 140 per sq.ft in 2007 to Rs 1,018 per sq.ft in 2024, reflecting an overall increase of 627% during this period.

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

For a property valued at Rs 10,18,000, the stamp duty would be Rs 71,260 and the registration fee would be Rs 20,360, totaling Rs 91,620.

Which office handles property registration for Bharathi Nagar?

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

What is the land classification of Bharathi Nagar?

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