Guideline Value for BHARATH PETROLIUM LAYOUT

Bharath Petrolium Layout guideline value

The current guideline value of Bharath Petrolium Layout is Rs 1,005 per sq.ft. This layout is located in Krinshnarayapuram village, under the Peelamedu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharath Petrolium Layout has changed

Starting from the earliest revision, the guideline value for Bharath Petrolium Layout was Rs 1,000 per sq.ft in 2012. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. In the following years, the value increased significantly, reaching Rs 1,000 per sq.ft in 2023, and then rising to Rs 1,005 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 1%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has a total of 57 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,005 per sq.ft, which is equal to the current guideline value of Bharath Petrolium Layout.

• Balu Garden: Rs 1,000 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Petrolium Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, making the total cost for these fees Rs 90,450. 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 more detailed calculations.

Which Sub Registrar Office covers Bharath Petrolium Layout?

The Peelamedu Sub Registrar Office covers Bharath Petrolium Layout. The office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Krinshnarayapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Krinshnarayapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Bharath Petrolium Layout?

The current guideline value of Bharath Petrolium Layout is Rs 1,005 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increasing to Rs 1,000 per sq.ft in 2023, and finally reaching Rs 1,005 per sq.ft in 2024.

What is the land classification for Bharath Petrolium Layout?

Bharath Petrolium Layout is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. This office handles registration for properties in Bharath Petrolium Layout.

How is the stamp duty calculated for properties in Bharath Petrolium Layout?

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 the current guideline value incurs a total fee of Rs 90,450, which includes both stamp duty and registration fees.