Guideline Value for BHARATHI STREET

Bharathi Street guideline value

The current guideline value of Bharathi Street in Velampalayam village is Rs 711 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Bharathi Street has changed

Over the years, the guideline value of Bharathi Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. In 2023, the value increased significantly to Rs 500 per sq.ft, and the most recent revision in 2024 raised it to Rs 711 per sq.ft, marking a 42% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 42%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, a total of 472 streets fall under the Tiruppur Joint II SRO, with the 2024 guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 711 per sq.ft, which is the same as the current guideline value for Bharathi Street.

• Bharathi Puram: Rs 890 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)
• Bharathi Iiird Street: Rs 711 per sq.ft (2024)
• Bhuvana 2.0: Rs 1,000 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 711 per sq.ft, the guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, bringing the total to Rs 63,990. 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 more details.

Which Sub Registrar Office covers Bharathi Street?

The Bharathi Street is covered by the Tiruppur Joint II 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 Velampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes and fees are calculated based on the higher of the two values, thereby adhering to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 711 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 335 per sq.ft in 2017.

What is the land classification for Bharathi Street?

Bharathi Street is classified as Residential Class II Type - II under the guideline value register.

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

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

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

The stamp duty is calculated at 7%, and the registration fee is at 2% of the guideline value. For a property valued at Rs 7,11,000, the total fees would amount to Rs 63,990.