Guideline Value for Bharathi Nest Nagar

Bharathi Nest Nagar guideline value

The current guideline value of Bharathi Nest Nagar, located in Vadavalli village under the Vadavalli SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathi Nest Nagar has changed

The guideline value for Bharathi Nest Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, from 2017 to 2023, the value increased by 49% to reach Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there is a 10% increase in the guideline value.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which aligns with the current guideline value of Bharathi Nest Nagar.

• Bharathi Nagar (Ward No. 18): Rs 1,000 per sq.ft (2024)
• Bharathi Nagar (Ward 5): Rs 1,100 per sq.ft (2024)
• Bharathi Garden: Rs 1,000 per sq.ft (2024)
• Bharathiyar Street: Rs 1,001 per sq.ft (2024)
• Bharathiyar University Quarters: Rs 1,100 per sq.ft (2024)
• BBC Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nest Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty charged at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the 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 Nest Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the Registration Department. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nest Nagar?

The current guideline value of Bharathi Nest Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathi Nest Nagar?

Bharathi Nest Nagar is classified under Residential Class I Type - I, which indicates its suitability for residential purposes.

What other streets in Vadavalli have similar guideline values?

Other streets in Vadavalli have varying guideline values, with some streets like Bharathi Nagar (Ward 5) and Bharathiyar University Quarters also having a guideline value of Rs 1,100 per sq.ft in 2024.

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

The Sub Registrar Office covering Bharathi Nest Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more details online.