Guideline Value for BHARATHI IIIRD STREET

Bharathi Iiird Street guideline value

The current guideline value of Bharathi Iiird Street is Rs 711 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village under the Tiruppur Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Bharathi Iiird Street has changed

The guideline value for Bharathi Iiird Street has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a drop of 33%. The value then rose to Rs 500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 711 per sq.ft, an increase of 42% from the previous year.

It is important to note that the register has no figures for this street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 374%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with 2024 guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, which is the same as the value for Bharathi Iiird Street.

• Bharathi Iind Street: Rs 711 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathiar Street: Rs 890 per sq.ft (2024)
• Best Road: Rs 715 per sq.ft (2024)
• Bharathi Puram: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Iiird Street

For a 1,000 sq.ft plot at the current rate of Rs 711 per sq.ft, the guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, totaling Rs 63,990. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Iiird Street?

The Sub Registrar Office that covers Bharathi Iiird Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is used as a benchmark for property transactions in Velampalayam. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the area. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Iiird Street?

The current guideline value of Bharathi Iiird Street is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, reflecting an overall increase of 374% over the years.

What are the other streets in Velampalayam with similar guideline values?

Other streets in Velampalayam with similar guideline values include Bharathi Iind Street and Bharathi Ist Street, both at Rs 711 per sq.ft in 2024.

What is the stamp duty for property in Bharathi Iiird Street?

The stamp duty for property in Bharathi Iiird Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 49,770.

Where can I find the Sub Registrar Office for Bharathi Iiird Street?

The Sub Registrar Office for Bharathi Iiird Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.