Guideline Value for BHARATHI AVENUE

Bharathi Avenue guideline value

The current guideline value of Bharathi Avenue 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 has changed

The guideline value for Bharathi Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 300 per sq.ft, and the latest 2024 revision raised it further to Rs 335 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 12%. Overall, when comparing the 2012 figure to the 2024 figure, there has been a total increase of 12%.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO, with guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 335 per sq.ft, which matches the current guideline value for Bharathi Avenue.

• Bharathi Avenue Extn: Rs 335 per sq.ft (2024)
• Bharathi Avenue II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value would be Rs 3,35,000. The stamp duty at 7% would amount to Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total cost for these fees to 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Avenue?

The Ganapathy Sub Registrar Office covers Bharathi Avenue, 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 plays a crucial role during the registration process of property transactions in Vellanaipatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Bharathi Avenue?

The current guideline value of Bharathi Avenue 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 are the other streets in Vellanaipatty with the same guideline value?

Other streets in Vellanaipatty with a guideline value of Rs 335 per sq.ft include Bharathi Avenue Extn, Bharathi Avenue II, Bannariamman Nagar, Bankers Colony, Balu Gardens, and Babu Gardens.

What fees are associated with purchasing property in Bharathi Avenue?

When purchasing property in Bharathi Avenue, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. Together, these fees can add a significant amount to the overall cost of the property.

Where can I find the Sub Registrar Office for Bharathi Avenue?

The Ganapathy Sub Registrar Office, which covers Bharathi Avenue, is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.