Guideline Value for Bharathy Nagar

Bharathy Nagar guideline value

The current guideline value of Bharathy Nagar, located in Kumarapalayam village under the Coimbatore South Joint 1 SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Bharathy Nagar has changed

According to the guideline value register, there are no figures available for Bharathy Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for Bharathy Nagar was Rs 1,000 per sq.ft in the 2023 revision and remains unchanged in the 2024 revision, reflecting a change of +0% from the previous year.

The most recent revision in 2024 sets the guideline value at Rs 1,000 per sq.ft, which is consistent with the 2023 revision. This indicates stability in the guideline value for this street over the last two years.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft, with a median value of Rs 1,001 per sq.ft. Bharathy Nagar's guideline value is below this median, indicating its position within the local market.

• Bharathypark: Rs 1,000 per sq.ft (2024)
• Bharathy Street: Rs 1,000 per sq.ft (2024)
• Bharathi Road: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-II: Rs 1,002 per sq.ft (2024)
• Ayyavu Road-I: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathy Nagar?

The Sub Registrar Office that covers Bharathy Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathy Nagar?

The current guideline value of Bharathy Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathy Nagar has remained at Rs 1,000 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kumarapalayam?

The median guideline value in Kumarapalayam is Rs 1,001 per sq.ft, with values for various streets ranging from Rs 1,000 to Rs 2,750 per sq.ft in 2024.

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

For a property valued at Rs 10,00,000 in Bharathy Nagar, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Bharathy Nagar located?

The Sub Registrar Office covering Bharathy Nagar is located at No.410a, Raja Street, Coimbatore-641001. This office is part of the Coimbatore South Joint 1 registration zone.