Guideline Value for BHARATHI VEETHI

Bharathi Veethi guideline value

The current guideline value of Bharathi Veethi is Rs 1,095 per sq.ft, effective from 1 July 2024. This street is located in Chinnavedampatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bharathi Veethi has changed

The guideline value for Bharathi Veethi has seen significant changes over the years. In the 2012 revision, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 273%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 shows a further increase of 10%, setting the current guideline value at Rs 1,095 per sq.ft.

The register has no figure for Bharathi Veethi for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 174%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value is Rs 1,095 per sq.ft, which is equal to the current guideline value of Bharathi Veethi.

• Balaji Nagar: Rs 1,105 per sq.ft (2024)
• Bajanai Koil Veethi: Rs 1,090 per sq.ft (2024)
• Bagiyam Layout: Rs 1,095 per sq.ft (2024)
• Azhagu Nagar: Rs 1,095 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 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 1,095 per sq.ft, the total guideline value amounts to Rs 10,95,000. The stamp duty at 7% would be Rs 76,650, and the registration fee at 2% would be Rs 21,900, bringing the total cost for these fees to Rs 98,550. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers Bharathi Veethi?

The Sub Registrar Office covering Bharathi Veethi is the Gandhipuram Sub Registrar Office, located at 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 Chinnavedampatty.

The guideline value plays a crucial role in the registration process when buying or selling property in Chinnavedampatty. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property, safeguarding the interests of both the buyer and the seller.

Frequently asked questions

What is the current guideline value of Bharathi Veethi?

The current guideline value of Bharathi Veethi is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2012 to Rs 1,095 per sq.ft in 2024, reflecting an overall increase of 174% since 2012.

What is the registration office for Bharathi Veethi?

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

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,95,000, the stamp duty at 7% would be Rs 76,650.

What are the other streets in Chinnavedampatty with their guideline values?

Other streets in Chinnavedampatty include Balaji Nagar at Rs 1,105 per sq.ft, Bajanai Koil Veethi at Rs 1,090 per sq.ft, and Bagiyam Layout, Azhagu Nagar, and Ayyappa Nagar at Rs 1,095 per sq.ft each.