Guideline Value for BHARATHI STREET

Bharathi Street guideline value

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

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has undergone several revisions over the years. The 2007 revision set the value at Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 750 per sq.ft, and the most recent revision in 2024 raised it to Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 39%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bharathi Street's 2024 figure is below this median.

• 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 rate of Rs 840 per sq.ft, the 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, totaling Rs 75,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathi Street?

The Bharathi Street is covered by 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 - J

The guideline value is a critical factor in the registration process when buying or selling property in Ward - J. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid based on the property's value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the registration process is aligned with the official valuation of properties 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 various revisions in between, including a decrease in 2017.

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

For a 1,000 sq.ft plot, the guideline value is Rs 8,40,000, leading to a total of Rs 75,600 in stamp duty and registration fees.

Which Sub Registrar Office covers Bharathi Street?

The Tiruppur Joint I Sub Registrar Office covers Bharathi Street, 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 under the Tiruppur Joint I SRO.