Guideline Value for BARATHIAR STREET

Barathiar Street guideline value

The current guideline value of Barathiar Street in Kinathukadavu village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Kinathukkadavu SRO and is classified as Residential Class II Type - I.

How the guideline value of Barathiar Street has changed

The guideline value of Barathiar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 134 per sq.ft, showing a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft. The 2023 revision also maintained this figure, and the current 2024 revision continues with Rs 200 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that the register has no figures for Barathiar Street for the years 2002, 2003, and 2007.

Guideline values in Kinathukadavu

In Kinathukadavu, there are 44 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Barathiar Street's 2024 figure below that median.

• Avvaiyar Street: Rs 750 per sq.ft (2024)
• Arisana Colony: Rs 200 per sq.ft (2024)
• Anna Street: Rs 750 per sq.ft (2024)
• Anna Nagar: Rs 750 per sq.ft (2024)
• Andigoundenpudur: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Barathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barathiar Street?

The Sub Registrar Office that covers Barathiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical component during the registration of property transactions in Kinathukadavu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value serves as a baseline for calculating these fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value of Barathiar Street?

The current guideline value of Barathiar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, with a 49% increase from 2017 to 2023.

Which Sub Registrar Office covers Barathiar Street?

The Kinathukkadavu Sub Registrar Office covers Barathiar Street, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

What are the other streets in Kinathukadavu?

Other streets in Kinathukadavu include Avvaiyar Street, Arisana Colony, Anna Street, Anna Nagar, Andigoundenpudur, and Ambethkar Street, with varying guideline values.

How is stamp duty calculated for properties in Barathiar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a 1,000 sq.ft property at the guideline value of Rs 200 per sq.ft would incur a total of Rs 18,000 in fees.