Guideline Value for BHARATHI VEETHI -2

Bharathi Veethi -2 guideline value

The current guideline value of Bharathi Veethi -2 is Rs 1,270 per sq.ft, effective from 1 July 2024. This street is located in the village of Vellakinar. and falls under the Gandhipuram SRO, classified as Residential Class II Type - III.

How the guideline value of Bharathi Veethi -2 has changed

The guideline value for Bharathi Veethi -2 has seen significant changes over the years. In 2012, the guideline value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase to Rs 1,000 per sq.ft, marking a 398% rise. The latest revision in 2024 set the guideline value at Rs 1,270 per sq.ft, reflecting a 27% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 323% from 2012 to 2024.

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 guideline value for these streets is Rs 1,876 per sq.ft, making the 2024 figure for Bharathi Veethi -2 below that median.

• Bharathi Veethi -1: 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 -2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,270 per sq.ft, the total 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, making the total fees together Rs 1,14,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Veethi -2?

The Bharathi Veethi -2 falls under the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Vellakinar. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is sold, the sale price or the guideline value, whichever is higher, will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Veethi -2?

The current guideline value of Bharathi Veethi -2 is Rs 1,270 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

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

What is the registration fee for property in Bharathi Veethi -2?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 12,70,000, the registration fee would be Rs 25,400.

Where can I find the Sub Registrar Office for Bharathi Veethi -2?

The Sub Registrar Office covering Bharathi Veethi -2 is the Gandhipuram SRO, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the purpose of the guideline value?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It acts as a benchmark for these calculations to ensure proper revenue collection by the government.