Guideline Value for BHARATHI STREET

Bharathi Street guideline value

The current guideline value of Bharathi Street, located in Ward - E village, is Rs 840 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

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 Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 750 per sq.ft in 2023 and has now reached Rs 840 per sq.ft in 2024, reflecting a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 marked a decrease of 33%, while the period from 2007 to 2012 saw an increase of 24%. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 840 per sq.ft, which is equal to the current guideline value of Bharathi Street.

• Bharathi West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar Kavundanaikampalayam: Rs 840 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar: Rs 840 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 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, resulting in a total of Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street?

The Sub Registrar Office that covers Bharathi Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - E

The guideline value plays a crucial role during the registration of property transactions in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the stamp duty rate for properties in Bharathi Street?

The stamp duty rate for properties in Bharathi Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Bharathi Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Bharathi Street?

Bharathi Street is classified as Residential Class IV Type - I, which indicates its designation for residential use.