Guideline Value for BHARATHI PURAM

Bharathi Puram guideline value

The current guideline value of Bharathi Puram, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 890 per sq.ft. This value is effective from 1 July 2024 and falls under the Mixed Type - I land classification.

How the guideline value of Bharathi Puram has changed

The guideline value of Bharathi Puram has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 800 per sq.ft in 2023 and further rose to Rs 890 per sq.ft in 2024, marking an increase of 11% from the previous year. The overall change from 2012 to 2024 shows an increase of 11% as well.

From 2017 to 2023, the guideline value increased by 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

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, with a median value of Rs 711 per sq.ft. The guideline value for Bharathi Puram is above this median.

• Bharathi Street: Rs 711 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)
• Bharathi Iiird Street: Rs 711 per sq.ft (2024)
• Bharathiar Street: Rs 890 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 890 per sq.ft, the total guideline value would be Rs 8,90,000. The stamp duty at 7% would amount to Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total cost for these fees to Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bharathi Puram?

The Bharathi Puram area falls under 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 an essential factor in the registration process when buying or selling property in Velampalayam. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the value of the property according to the local government standards. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Puram?

The current guideline value of Bharathi Puram is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 890 per sq.ft in 2024.

What is the land classification for Bharathi Puram?

Bharathi Puram falls under the Mixed Type - I land classification, which indicates the type of development permissible in the area.

Where is the Sub Registrar Office for Bharathi Puram located?

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

How is stamp duty calculated for property in Bharathi Puram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,90,000, the stamp duty at 7% would be Rs 62,300.