Guideline Value for BHARATHI AVENUE II

Bharathi Avenue II guideline value

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

How the guideline value of Bharathi Avenue II has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 201 per sq.ft, marking a decline of 33%. Following this, the 2023 revision increased the value to Rs 300 per sq.ft, and then the 2024 revision raised it further to Rs 335 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 12%. The 2017 revision does not have a figure for this street, and the revisions for the years 2002, 2003, and 2007 also show no figures available for Bharathi Avenue II.

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 II.

• Bharathi Avenue Extn: 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 II

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,35,000. The stamp duty is calculated at 7%, which totals Rs 23,450, and the registration fee at 2% amounts to Rs 6,700. Together, the total cost for these fees is Rs 30,150. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Avenue II?

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

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

The guideline value is a crucial factor when registering property transactions in Vellanaipatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Avenue II?

The current guideline value of Bharathi Avenue II 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 back 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 II?

Bharathi Avenue II is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where is the Ganapathy Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. Together, these fees contribute to the total cost of property registration.