Guideline Value for BHARATHI PURAM

Bharathi Puram guideline value

The current guideline value of Bharathi Puram is Rs 720 per sq.ft, effective from 1 July 2024. Bharathi Puram is located in Palladam village under the Palladam SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathi Puram has changed

The guideline value for Bharathi Puram has undergone several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value rose significantly to Rs 650 per sq.ft in 2023, and most recently to Rs 720 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 figure to the current 2024 value, there has been a net increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value in the village is Rs 840 per sq.ft, positioning Bharathi Puram's current value below this median.

• Balaji Nagar: Rs 840 per sq.ft (2024)
• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• Arijana Colony: Rs 440 per sq.ft (2024)
• Boyar Street: Rs 720 per sq.ft (2024)
• Centhottam: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Puram?

The Sub Registrar Office that covers Bharathi Puram is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Palladam. It determines the minimum value at which property transactions are recorded, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Puram?

The current guideline value of Bharathi Puram is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the median guideline value in Palladam?

The median guideline value in Palladam is Rs 840 per sq.ft, with Bharathi Puram's current value being below this figure.

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

For a property valued at Rs 7,20,000, the stamp duty is Rs 50,400 and the registration fee is Rs 14,400, totaling Rs 64,800.

Which office handles property registration in Bharathi Puram?

The Palladam Sub Registrar Office handles property registration in Bharathi Puram, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.