Guideline Value for BHARATHI COLONY

Bharathi Colony guideline value

The current guideline value of Bharathi Colony, located in Thondamuthur village under the Thondamuthur SRO, is Rs 335 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathi Colony has changed

The guideline value for Bharathi Colony has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 75 per sq.ft. It increased significantly to Rs 300 per sq.ft in 2012, but then saw a decrease to Rs 201 per sq.ft in 2017. Following that, the value rose again to Rs 300 per sq.ft in 2023, and most recently to Rs 335 per sq.ft in 2024, marking a 12% increase from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 347%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Thondamuthur

In Thondamuthur, there are 51 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 670 per sq.ft, with the median value being Rs 335 per sq.ft. Bharathi Colony's 2024 guideline value is equal to this median.

• Barpar Colony: Rs 335 per sq.ft (2024)
• BAJANAI KOVIL St: Rs 335 per sq.ft (2024)
• Ayyen Nagar: Rs 335 per sq.ft (2024)
• Attukkal Pakuthi: Rs 335 per sq.ft (2024)
• Arijana Colony Vandikaranur: Rs 220 per sq.ft (2024)
• Arijana Colony Thoguppu Veedu: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Colony

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 be 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Colony?

The Bharathi Colony area falls under the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, 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 Thondamuthur

The guideline value plays a crucial role in the registration process when buying or selling property in Thondamuthur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is assessed, and the applicable duties are calculated based on this value or the sale price, whichever is higher, ensuring that the correct fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Bharathi Colony?

The current guideline value of Bharathi Colony 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 75 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, showing an overall increase of 347% over the years.

What are the stamp duty rates for property in Bharathi Colony?

The stamp duty rate for property in Bharathi Colony is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Bharathi Colony?

The Thondamuthur Sub Registrar Office handles property registrations in Bharathi Colony, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Thondamuthur.

What is the significance of guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the correct fees are paid based on the assessed value of the property.