Guideline Value for Bharathiyar Nagar

Bharathiyar Nagar guideline value

The current guideline value of Bharathiyar Nagar, located in Pattanam village under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Bharathiyar Nagar has changed

The guideline value for Bharathiyar Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 220 per sq.ft, a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pattanam

In Pattanam village, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,815 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, which is equal to the current figure for Bharathiyar Nagar.

• Bharathi Street: Rs 415 per sq.ft (2024)
• Bethel nagar: Rs 220 per sq.ft (2024)
• Balan Nagar: Rs 165 per sq.ft (2024)
• Bagavathiamman kovil Street: Rs 220 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• A S Nagar Extension: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Nagar?

The Sub Registrar Office that covers Bharathiyar Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Pattanam

The guideline value plays a crucial role in the registration process when buying or selling property in Pattanam. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar Nagar?

The current guideline value of Bharathiyar Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and then to Rs 220 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Bharathiyar Nagar?

Bharathiyar Nagar is classified under Residential Class III Type - I. This classification is important for understanding the types of developments permitted in the area.

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

The stamp duty for a property valued at Rs 2,20,000 would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

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