Guideline Value for BHARATHI STREET

Bharathi Street guideline value

The current guideline value of Bharathi Street in Villankuruchicorpration village is Rs 1,002 per sq.ft, effective from 1 July 2024. This street falls under the Ganapathy SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023, and it has now reached Rs 1,002 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the increase was 99%, while from 2012 to 2017, there was a decrease of 33%. The increase from 2007 to 2012 was 150%. 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, with a median value of Rs 1,003 per sq.ft. Bharathi Street's 2024 figure is below this median.

• Bharathi Street.Sasthiri Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Street,V.O.C.Nagar: 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

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, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street?

The Ganapathy Sub Registrar Office covers Bharathi Street, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. 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 during the registration of property transactions in Villankuruchicorpration. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when completing a property transaction.

When purchasing or selling property, the guideline value is used to determine the minimum value for registration. This ensures that the property is registered at a fair value, reflecting its worth in the current market.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street 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, showing an overall increase of 234% over this period.

What are the stamp duty and registration fees for properties in Bharathi Street?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which Sub Registrar Office is responsible for Bharathi Street?

The Ganapathy Sub Registrar Office is responsible for Bharathi Street, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

What is the land classification of Bharathi Street?

Bharathi Street is classified as Residential Class I Type - III, indicating its designation for residential purposes within the area.