Guideline Value for BHARATHI STREET.SASTHIRI NAGAR

Bharathi Street.Sasthiri Nagar guideline value

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

How the guideline value of Bharathi Street.Sasthiri Nagar has changed

The guideline value for Bharathi Street.Sasthiri Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This increased to Rs 750 per sq.ft in 2012, marking a significant rise of 150%. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft, a decrease of 33%. The 2023 revision saw a considerable increase to Rs 1,000 per sq.ft, which was a 99% rise from the previous figure. The most recent revision in 2024 set the guideline value at Rs 1,002 per sq.ft, showing no change from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 234%.

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, which means that the 2024 figure for Bharathi Street.Sasthiri Nagar is slightly below this median.

• Bharathi Street,V.O.C.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.Sasthiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bharathi Street.Sasthiri Nagar?

The Sub Registrar Office that covers Bharathi Street.Sasthiri Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchicorpration. It serves as a benchmark for determining the minimum price at which property transactions can be registered, ensuring transparency and compliance with legal requirements.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value for Bharathi Street.Sasthiri Nagar?

The current guideline value for Bharathi Street.Sasthiri 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 the years.

Which Sub Registrar Office covers Bharathi Street.Sasthiri Nagar?

The Ganapathy Sub Registrar Office covers Bharathi Street.Sasthiri Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

What are the other streets in Villankuruchicorpration with similar guideline values?

Other streets in Villankuruchicorpration with a 2024 guideline value of Rs 1,002 per sq.ft include Bharathi Street,V.O.C.Nagar and Bharathi Nagar.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are 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 total stamp duty and registration fees would amount to Rs 90,180.