Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Kavundampalayam village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class II 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 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 1,320 per sq.ft. The changes between these revisions include a decrease of 33% from 2012 to 2017, an increase of 24% from 2017 to 2023, and a significant increase of 32% from 2023 to 2024.

It is important to note that the register has no figures for Bharathi Nagar for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, making Bharathi Nagar's 2024 figure of Rs 1,320 per sq.ft above this median.

• Bharathi Nagar (Ward 1): Rs 1,325 per sq.ft (2024)
• Bharathiar Street: Rs 1,015 per sq.ft (2024)
• Bharathi Street: Rs 1,000 per sq.ft (2024)
• Bavani Street - Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bavani Street: Rs 1,015 per sq.ft (2024)
• Barani Street-Devanga Nagar: Rs 1,000 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Kavundampalayam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used to assess the value of the property for taxation purposes.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. 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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential development.

How does the guideline value compare to other streets in Kavundampalayam?

The guideline value of Bharathi Nagar at Rs 1,320 per sq.ft is above the median value of Rs 1,000 per sq.ft for the 565 streets in Kavundampalayam under the Vadavalli SRO.

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

The Sub Registrar Office covering Bharathi Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.