Guideline Value for BHARATHI STREET (KALAPPATTI)

Bharathi Street (Kalappatti) guideline value

The current guideline value for Bharathi Street (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024. This street is located in Kalapatty_west village and falls under the Gandhipuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathi Street (Kalappatti) has changed

The guideline value for Bharathi Street (Kalappatti) has seen significant changes over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase. The most recent revision in 2024 has set the guideline value at Rs 1,050 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 213%. It is important to note that there are no recorded figures for Bharathi Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, making Bharathi Street's 2024 figure slightly below this median.

• Bharathi Street (R.G.Pudur): Rs 1,045 per sq.ft (2024)
• Bharath Rathinam Garden: Rs 1,065 per sq.ft (2024)
• Bharath Rathinam Nagar (R.G.Pudur): Rs 1,045 per sq.ft (2024)
• B Ayyasamy Nagar: Rs 1,065 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 1,055 per sq.ft (2024)
• Balaji Nagar Phase 2 (Kalappatti): Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, and the registration fee at 2% would be Rs 21,000. Together, the total cost for these fees would be Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Street (Kalappatti)?

The Sub Registrar Office that covers Bharathi Street (Kalappatti) is the Gandhipuram Sub Registrar Office. The address is Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kalapatty_west. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government register.

It is essential for buyers and sellers to be aware of the current guideline value as it can significantly affect the total cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Bharathi Street (Kalappatti)?

The current guideline value for Bharathi Street (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,050 per sq.ft in 2024, representing a total increase of 213% over this period.

What is the land classification for Bharathi Street (Kalappatti)?

Bharathi Street (Kalappatti) is classified as Residential Class II Type - I according to the land classification records.

What are the stamp duty rates applicable for properties in Bharathi Street (Kalappatti)?

The stamp duty for properties in Bharathi Street (Kalappatti) is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathi Street (Kalappatti)?

The Sub Registrar Office for Bharathi Street (Kalappatti) is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Coimbatore.