Guideline Value for BARATHIAR STREET

Barathiar Street guideline value

The current guideline value of Barathiar Street in Othakkalmandapam village is Rs 340 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 for Barathiar Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 300 per sq.ft, and the most recent 2024 revision raised the value to Rs 340 per sq.ft, marking a 13% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that have a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Barathiar Street's 2024 guideline value is below this median.

• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Arijana Colony: Rs 560 per sq.ft (2024)
• Annamar Koil Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Barathiar Street

For a 1,000 sq.ft plot at the current rate of Rs 340 per sq.ft, the guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, bringing the total to Rs 30,600. 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 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 information.

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

The guideline value is an essential factor when registering property transactions in Othakkalmandapam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Barathiar Street?

The current guideline value of Barathiar Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the median guideline value in Othakkalmandapam?

The median guideline value in Othakkalmandapam is Rs 560 per sq.ft, while Barathiar Street's value is below this median.

Where is the Kinathukkadavu Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Barathiar Street?

The stamp duty for properties in Barathiar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,40,000 would incur a stamp duty of Rs 23,800.