Guideline Value for BHARATHI VEETHI

Bharathi Veethi guideline value

The current guideline value of Bharathi Veethi is Rs 1,007 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchi village under the Ganapathy SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Veethi has changed

The guideline value of Bharathi Veethi has undergone several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 273%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,007 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Bharathi Veethi. Overall, from 2012 to 2024, the guideline value has increased by 152%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value for these streets is Rs 1,008 per sq.ft, and Bharathi Veethi's 2024 figure is below this median.

• Bharathi Nagar: Rs 1,010 per sq.ft (2024)
• Bhuvana Gold: Rs 1,680 per sq.ft (2024)
• Bethal Nagar: Rs 1,007 per sq.ft (2024)
• Bankers Nagar-1,Sri Kaliamman Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS Nagar: Rs 1,010 per sq.ft (2024)
• BANKERS COLONY PHASE ii: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,007 per sq.ft, the total guideline value would be Rs 10,07,000. The stamp duty at 7% would amount to Rs 70,490, and the registration fee at 2% would be Rs 20,140, bringing the total fees together to Rs 90,630. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Veethi?

The Sub Registrar Office covering Bharathi Veethi is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Villankuruchi. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Accurate knowledge of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Veethi?

The current guideline value of Bharathi Veethi is Rs 1,007 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,007 per sq.ft in 2024.

What is the land classification for Bharathi Veethi?

Bharathi Veethi is classified as Residential Class II Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006, Coimbatore registration zone.

How is the stamp duty calculated for property in Bharathi Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 90,630.