Guideline Value for BHARATHI LANE

Bharathi Lane guideline value

The current guideline value of Bharathi Lane is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class V Type - I.

How the guideline value of Bharathi Lane has changed

The guideline value for Bharathi Lane has seen several revisions over the years. In 2003, the value was Rs 86 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012. However, there was a decrease to Rs 234 per sq.ft in 2017. The value then rose to Rs 350 per sq.ft in 2023 before reaching the current rate of Rs 380 per sq.ft in 2024. The register has no figures for the years 2002 and 2007 for this street.

From 2003 to 2024, the overall increase in the guideline value is 342%. Notably, the change from 2023 to 2024 is an increase of 9%, while the jump from 2017 to 2023 reflects a substantial increase of 50%. The fluctuation from 2012 to 2017 shows a decrease of 33%, and from 2003 to 2012, there was a remarkable increase of 307%.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO, with guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value in this area is Rs 500 per sq.ft, indicating that Bharathi Lane's 2024 figure is below this median.

• Bharathiyar Colony: Rs 500 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total cost for these fees to Rs 34,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Lane?

The Bharathi Lane property falls under the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward - B

The guideline value plays a crucial role in the registration process of property transactions in Ward - B. It serves as a basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently, reflecting the official value set by the registration department. This helps in maintaining uniformity and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathi Lane?

The current guideline value of Bharathi Lane is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 86 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, reflecting an overall increase of 342% over this period.

What is the registration office for Bharathi Lane?

The registration office covering Bharathi Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.

How is stamp duty calculated for property in Bharathi Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 26,600.

What are the other streets in Ward - B with their guideline values?

Other streets in Ward - B include Bharathiyar Colony at Rs 500 per sq.ft, Baseer Ahamed Layout at Rs 660 per sq.ft, and Avanandishwarar Layout at Rs 500 per sq.ft, among others.