Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This street is located in Mannarai village under the Tiruppur Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar has changed

Over the years, the guideline value of Bharathi Nagar has seen significant changes. In 2007, the value was Rs 124 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, this was followed by a decrease to Rs 234 per sq.ft in 2017. The value then rose to Rs 708 per sq.ft in both the 2023 and 2024 revisions, indicating a substantial increase of 203% from 2017 to 2023 and a steady figure from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 471%.

Guideline values in Mannarai

Mannarai village has a total of 90 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 700 to Rs 2,200 per sq.ft. The median value is Rs 708 per sq.ft, which aligns with the current guideline value of Bharathi Nagar.

• Bharathithasan Nagar: Rs 708 per sq.ft (2024)
• Ayothiyanagar 5th street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 4th street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 3rd street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 2nd Street: Rs 708 per sq.ft (2024)
• AyothiyaNagar 1st street: Rs 708 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 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total to Rs 63,720. It is important to note that 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?

Bharathi Nagar is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mannarai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is either used or the sale price, whichever is higher, to calculate the applicable duties and fees. 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 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 124 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, marking an overall increase of 471% over the years.

What are the stamp duty rates for property in Bharathi Nagar?

The stamp duty for property in Bharathi Nagar is currently set at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Bharathi Nagar?

The Tiruppur Joint II Sub Registrar Office is responsible for handling property registrations in Bharathi Nagar.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can visit the stamp duty and registration fee calculator.