Guideline Value for BHARATHI STREET,V.O.C.NAGAR

Bharathi Street,V.O.C.Nagar guideline value

The current guideline value of Bharathi Street, V.O.C.Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchicorpration village and falls under the Ganapathy SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bharathi Street,V.O.C.Nagar has changed

The guideline value for Bharathi Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft. This increased to Rs 750 per sq.ft in 2012, but then saw a decrease to Rs 502 per sq.ft in 2017. Following that, the value rose significantly to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,002 per sq.ft, marking no change from the previous year.

Looking at the changes, from 2017 to 2023, there was an increase of 99%. The 2012 to 2017 period saw a decrease of 33%, while from 2007 to 2012, the value increased by 150%. Overall, from 2007 to 2024, the guideline value has increased by 234%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Bharathi Street's 2024 figure slightly below this median.

• Bharathi Street.Sasthiri Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Bhuvana Diamond Hill: Rs 1,670 per sq.ft (2024)
• Balaranganathapuram: Rs 1,120 per sq.ft (2024)
• Balagurugardens: Rs 1,670 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street,V.O.C.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, while the registration fee at 2% would be Rs 20,040. Together, the total cost for stamp duty and registration fees would be Rs 90,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Street,V.O.C.Nagar?

The Sub Registrar Office that covers Bharathi Street, V.O.C.Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions within Villankuruchicorpration. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the buyer and seller must declare the sale price of the property. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Street,V.O.C.Nagar?

The current guideline value of Bharathi Street, V.O.C.Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 234% over this period.

What is the land classification for Bharathi Street,V.O.C.Nagar?

Bharathi Street, V.O.C.Nagar is classified as Residential Class I Type - III.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is stamp duty calculated for properties in Bharathi Street,V.O.C.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at 7%.