Guideline Value for BHARATHI IIND STREET

Bharathi Iind Street guideline value

The current guideline value of Bharathi Iind 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, and is classified as Residential Class II Type - II.

How the guideline value of Bharathi Iind Street has changed

The guideline value for Bharathi Iind 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. However, it then decreased to Rs 335 per sq.ft in 2017. Following this, the value rose to Rs 500 per sq.ft in 2023, and finally to Rs 711 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 374%. The change from 2023 to 2024 is a notable increase of 42%, while the jump from 2017 to 2023 was 49%. The value fluctuated with a decrease of 33% from 2012 to 2017 and a remarkable increase of 233% from 2007 to 2012.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, which is equal to the current value of Bharathi Iind Street.

• Bharathi Iiird 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 Iind Street

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, and the registration fee at 2% would be Rs 14,220, making the total cost for these fees Rs 63,990. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Iind Street?

The Sub Registrar Office that covers Bharathi Iind 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 a crucial factor in the registration process for property transactions in Velampalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Iind Street?

The current guideline value of Bharathi Iind 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 this period.

What are the stamp duty and registration fees for a property on Bharathi Iind Street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,990, based on the guideline value of Rs 7,11,000.

Which Sub Registrar Office covers Bharathi Iind Street?

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

What is the land classification of Bharathi Iind Street?

Bharathi Iind Street is classified as Residential Class II Type - II, indicating its suitability for residential development.