Guideline Value for Bharathidasan Nagar

Bharathidasan Nagar guideline value

The current guideline value of Bharathidasan Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathidasan Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 150%. However, this value decreased to Rs 670 per sq.ft in 2017, a reduction of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and in 2024, it rose again to Rs 1,120 per sq.ft, reflecting an increase of 12% from the previous year.

In total, from the 2007 revision to the current 2024 rate, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing Bharathidasan Nagar's 2024 figure below this median.

• Bharathi nagar: Rs 1,456 per sq.ft (2024)
• Bethal nagar: Rs 1,120 per sq.ft (2024)
• Beema Street: 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)
• Bharathi Puram: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar?

The Sub Registrar Office covering Bharathidasan Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uppilipalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It helps in determining the financial obligations related to the transaction, including taxes and fees, ensuring transparency in the property market.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar?

The current guideline value of Bharathidasan Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 180% over the years.

What is the land classification of Bharathidasan Nagar?

Bharathidasan Nagar is classified as Residential Class I Type - III under the Singanallur SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Bharathidasan Nagar is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.