Guideline Value for Bharathidasan Nagar Lane

Bharathidasan Nagar Lane guideline value

The current guideline value of Bharathidasan Nagar Lane is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathidasan Nagar Lane has changed

Over the years, the guideline value of Bharathidasan Nagar Lane has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,205 per sq.ft. This increased to Rs 1,800 per sq.ft in 2012, marking a 49% rise. However, it then decreased to Rs 1,206 per sq.ft in 2017, a drop of 33%. In 2023, the value was revised to Rs 1,800 per sq.ft, which was a significant increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, reflecting a 17% increase from the previous year.

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 74%.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. Bharathidasan Nagar Lane's 2024 figure is below this median.

• Balasundaram Chettiar Road Main: Rs 7,900 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,700 per sq.ft (2024)
• Avinashi Road Main: Rs 7,900 per sq.ft (2024)
• A.T.T Colony II: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Nagar Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar Lane?

The Bharathidasan Nagar Lane is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-1

The guideline value plays a crucial role during the registration process when buying or selling property in Ward-1. It is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar Lane?

The current guideline value of Bharathidasan Nagar Lane is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,205 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, marking a total increase of 74% over this period.

What are the stamp duty and registration fees for property in Bharathidasan Nagar Lane?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

Which Sub Registrar Office covers Bharathidasan Nagar Lane?

The Coimbatore North Joint 1 Sub Registrar Office covers Bharathidasan Nagar Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Bharathidasan Nagar Lane?

Bharathidasan Nagar Lane is classified as Residential Class II Type - I, indicating its suitability for residential purposes.