Guideline Value for BHARATHI VEETHI -1

Bharathi Veethi -1 guideline value

The current guideline value of Bharathi Veethi -1 is Rs 1,270 per sq.ft, effective from 1 July 2024. This street is located in Vellakinar, under the Gandhipuram SRO, and is classified as Residential Class II Type - III.

How the guideline value of Bharathi Veethi -1 has changed

The guideline value for Bharathi Veethi -1 has seen significant changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a remarkable increase of 398%. The most recent revision in 2024 set the value at Rs 1,270 per sq.ft, reflecting a 27% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 323%.

Guideline values in Vellakinar.

In Vellakinar, there are 107 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,030 to Rs 2,886 per sq.ft. The median value for these streets is Rs 1,876 per sq.ft, placing Bharathi Veethi -1's 2024 guideline value below that median.

• Bharathi Veethi -2: Rs 1,270 per sq.ft (2024)
• Aura: Rs 2,886 per sq.ft (2024)
• Asthalakshmi Garden: Rs 1,876 per sq.ft (2024)
• Arudra Garden: Rs 2,615 per sq.ft (2024)
• Carnegie Residency: Rs 1,876 per sq.ft (2024)
• Casagrand Cosmos: Rs 1,070 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Veethi -1

For a 1,000 sq.ft plot at the current rate of Rs 1,270 per sq.ft, the guideline value would be Rs 12,70,000. The stamp duty at 7% would amount to Rs 88,900, and the registration fee at 2% would be Rs 25,400, bringing the total to Rs 1,14,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Veethi -1?

The Sub Registrar Office that covers Bharathi Veethi -1 is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Vellakinar. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the property registration process.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with local regulations and helps determine the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Veethi -1?

The current guideline value of Bharathi Veethi -1 is Rs 1,270 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 300 per sq.ft to Rs 1,270 per sq.ft in 2024, representing a total increase of 323%.

What is the guideline value for other streets in Vellakinar?

Other streets in Vellakinar have guideline values ranging from Rs 1,030 to Rs 2,886 per sq.ft, with a median value of Rs 1,876 per sq.ft.

What is the stamp duty rate for properties in Bharathi Veethi -1?

The stamp duty rate for properties in Bharathi Veethi -1 is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Veethi -1 located?

The Sub Registrar Office for Bharathi Veethi -1 is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.