Guideline Value for BHARATHI AVENUE EXTN

Bharathi Avenue Extn guideline value

The current guideline value of Bharathi Avenue Extn is Rs 335 per sq.ft, effective from 1 July 2024. This street is located in Vellanaipatty village under the Ganapathy SRO, classified as Residential Class I Type - II.

How the guideline value of Bharathi Avenue Extn has changed

The guideline value for Bharathi Avenue Extn has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the 2023 revision saw an increase to Rs 300 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 335 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and then by 12% from 2023 to 2024. Overall, from 2012 to 2024, the increase in guideline value is 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 335 per sq.ft, which is equal to the guideline value of Bharathi Avenue Extn.

• Bharathi Avenue II: Rs 335 per sq.ft (2024)
• Bharathi Avenue: Rs 335 per sq.ft (2024)
• Bannariamman Nagar: Rs 335 per sq.ft (2024)
• Bankers Colony: Rs 335 per sq.ft (2024)
• Balu Gardens: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Avenue Extn

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, making the total Rs 30,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Avenue Extn?

The Sub Registrar Office that covers Bharathi Avenue Extn is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as it directly affects the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes and fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Avenue Extn?

The current guideline value of Bharathi Avenue Extn is Rs 335 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 increased to Rs 300 per sq.ft in 2023, and finally to Rs 335 per sq.ft in 2024.

What is the land classification for Bharathi Avenue Extn?

Bharathi Avenue Extn is classified as Residential Class I Type - II under the Ganapathy SRO.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for properties in Bharathi Avenue Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 30,150.