Guideline Value for BARPAR STREET

Barpar Street guideline value

The current guideline value of Barpar Street in Naranapuram village is Rs 445 per sq.ft, effective from 1 July 2024. This street falls under the Palladam Sub Registrar Office and is classified as Residential Class III Type - I.

How the guideline value of Barpar Street has changed

The guideline value for Barpar Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 450 per sq.ft. In the subsequent revision in 2017, the value decreased to Rs 301 per sq.ft, marking a decline of 33%. The 2023 revision recorded a value of Rs 450 per sq.ft, which was then followed by the current value of Rs 445 per sq.ft in 2024, showing a decrease of 1% from the previous year.

From 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has decreased by 1%. It is important to note that there are no recorded figures for Barpar Street in the revisions from 2002, 2003, and 2007.

Guideline values in Naranapuram

Naranapuram village has 64 streets under the Palladam SRO that carry a guideline value for 2024, ranging from Rs 301 to Rs 1,060 per sq.ft. The median value is Rs 445 per sq.ft, which is equal to the current guideline value of Barpar Street.

• Avinasi Salai: Rs 445 per sq.ft (2024)
• Arumuthampalayam Road: Rs 445 per sq.ft (2024)
• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Barpar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 445 per sq.ft, the total guideline value amounts to Rs 4,45,000. The stamp duty is charged at 7%, which totals Rs 31,150, and the registration fee is charged at 2%, amounting to Rs 8,900. Together, the total fees would be Rs 40,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Barpar Street?

The Barpar Street falls under the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays an essential role in property transactions in Naranapuram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is the basis for calculating these fees, ensuring that all transactions are compliant with local regulations.

When purchasing property, it is crucial to consider the guideline value as it reflects the minimum value at which the property can be registered. This value helps maintain transparency in property transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Barpar Street?

The current guideline value of Barpar Street is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then back to Rs 450 per sq.ft in 2023, and finally to Rs 445 per sq.ft in 2024.

What is the land classification for Barpar Street?

Barpar Street is classified as Residential Class III Type - I.

Where is the Palladam Sub Registrar Office located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is stamp duty calculated for properties in Barpar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 445 per sq.ft incurs a total guideline value of Rs 4,45,000, leading to a stamp duty of Rs 31,150.