Guideline Value for Bharathi nagar

Bharathi nagar guideline value

The current guideline value of Bharathi nagar, located in Uppilipalayam village under the Singanallur SRO, is Rs 1,456 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharathi nagar has changed

In the 2012 revision, the guideline value was Rs 1,300 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 871 per sq.ft, marking a decrease of 33%. By the 2023 revision, the value increased significantly to Rs 1,300 per sq.ft, followed by a further increase to Rs 1,456 per sq.ft in the 2024 revision, reflecting a rise of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2023 revision showed a 49% increase from the 2017 figure, which was Rs 871 per sq.ft, to Rs 1,300 per sq.ft. The changes highlight the fluctuations in guideline values over the years.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Bharathi nagar's 2024 figure above this median.

• Bharathidasan Nagar: Rs 1,120 per sq.ft (2024)
• Bharathi Nagar Kamaraj Road: Rs 1,680 per sq.ft (2024)
• Bharathi nagar ( N K palayam): Rs 1,232 per sq.ft (2024)
• Bethal nagar: Rs 1,120 per sq.ft (2024)
• Bharathi Puram: Rs 1,120 per sq.ft (2024)
• Beema Street: Rs 1,120 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 1,456 per sq.ft, the total guideline value amounts to Rs 14,56,000. The stamp duty at 7% would be Rs 1,01,920, and the registration fee at 2% would be Rs 29,120, bringing the total fees to Rs 1,31,040. 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 detailed calculations.

Which Sub Registrar Office covers Bharathi nagar?

The Sub Registrar Office that covers Bharathi nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions within Uppilipalayam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi nagar?

The current guideline value of Bharathi nagar is Rs 1,456 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 figure at Rs 1,300 per sq.ft, dropping to Rs 871 per sq.ft in 2017, then rising to Rs 1,300 per sq.ft in 2023, and finally reaching Rs 1,456 per sq.ft in 2024.

What is the land classification for Bharathi nagar?

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

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

For a property valued at Rs 14,56,000, the stamp duty at 7% would be Rs 1,01,920, and the registration fee at 2% would be Rs 29,120, totaling Rs 1,31,040.

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

The Singanallur Sub Registrar Office covers Bharathi nagar and is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.