Guideline Value for BHARATHI STREET (R.G.PUDUR)

Bharathi Street (R.G.Pudur) guideline value

The current guideline value of Bharathi Street (R.G.Pudur) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in KALAPATTY_East village and falls under the Gandhipuram SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bharathi Street (R.G.Pudur) has changed

The guideline value for Bharathi Street (R.G.Pudur) has undergone several revisions since 2017. The 2017 revision set the value at Rs 268 per sq.ft, which then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a remarkable increase of 273%. The current 2024 revision reflects a further increase to Rs 1,040 per sq.ft, which is a 4% rise from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, the guideline value has increased by 288% from the 2017 figure to the current 2024 figure.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 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 1,055 per sq.ft, placing Bharathi Street (R.G.Pudur) below this median value.

• Bharathi Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Bharath Rathinam Garden: Rs 1,065 per sq.ft (2024)
• Bharath Rathinam Nagar (R.G.Pudur): Rs 1,040 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 (R.G.Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total cost for these fees to Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street (R.G.Pudur)?

The Sub Registrar Office that covers Bharathi Street (R.G.Pudur) is the Gandhipuram Sub Registrar Office, located at 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_East

The guideline value plays a crucial role in the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Street (R.G.Pudur)?

The current guideline value of Bharathi Street (R.G.Pudur) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 288%, rising from Rs 268 per sq.ft to the current Rs 1,040 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Bharathi Street (R.G.Pudur)?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 72,800, and the registration fee would be Rs 20,800, totaling Rs 93,600.

Which Sub Registrar Office handles registrations for Bharathi Street (R.G.Pudur)?

The Gandhipuram Sub Registrar Office handles registrations for Bharathi Street (R.G.Pudur), located near Saravanampatti Police Station.

What is the land classification for Bharathi Street (R.G.Pudur)?

The land classification for Bharathi Street (R.G.Pudur) is Residential Class II Type - II.