Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Sulur village under the Sulur SRO, is Rs 784 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and then rose to Rs 784 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 12% increase. The register has no figures for Bharathi Nagar in the years 2002, 2003, and 2007.

Guideline values in Sulur

Within Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value, ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is the same as the current guideline value for Bharathi Nagar.

• Bank Karuppannath thevar Street: Rs 784 per sq.ft (2024)
• Bank Karuppanath thevar Nagar First street: Rs 784 per sq.ft (2024)
• Black Quarters Street: Rs 784 per sq.ft (2024)
• Balagurunadha Jothidar Street: Rs 784 per sq.ft (2024)
• Ayyavu Udayar Lane: Rs 560 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 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 784 per sq.ft, the total guideline value amounts to Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, bringing the total cost for these fees to Rs 70,560. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sulur. It is the minimum value set by the government for properties in a specific area, which helps in determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 784 per sq.ft in 2024.

What is the land classification of Bharathi Nagar?

The land classification for Bharathi Nagar is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office for Bharathi Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,84,000, the stamp duty at 7% would be Rs 54,880.