Guideline Value for BHARATHI AVENUE

Bharathi Avenue guideline value

The current guideline value of Bharathi Avenue in Karamadai village, under the Mettupalayam SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Bharathi Avenue has changed

The guideline value for Bharathi Avenue has remained consistent at Rs 800 per sq.ft for the revisions in 2023 and 2024. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the guideline value was Rs 800 per sq.ft, which remained unchanged in the 2024 revision, showing a change of +0% between these two years.

Guideline values in Karamadai

Karamadai village features a total of 180 streets under the Mettupalayam SRO with a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Bharathi Avenue at this median value.

• Bharathi Estate Extension: Rs 360 per sq.ft (2024)
• Bharathi Estate Part II: Rs 360 per sq.ft (2024)
• Bharathi Estate Part III: Rs 360 per sq.ft (2024)
• Bharathi Estate Part IV: Rs 560 per sq.ft (2024)
• Bharathi Estate Part V: Rs 360 per sq.ft (2024)
• Bharathi Estate Part VII: Rs 440 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Avenue?

The Sub Registrar Office covering Bharathi Avenue is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karamadai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the costs involved in the transaction. Buyers should ensure that they are prepared for these fees, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Bharathi Avenue?

The current guideline value of Bharathi Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathi Avenue has remained at Rs 800 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in Bharathi Avenue?

Bharathi Avenue is classified as Residential Class II Type - I. This classification is important for understanding the type of developments permitted in the area.

What are the stamp duty and registration fees for properties in Bharathi Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Avenue located?

The Mettupalayam Sub Registrar Office, which covers Bharathi Avenue, is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.