Guideline Value for BHARATHI VEETHI

Bharathi Veethi guideline value

The current guideline value of Bharathi Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty., under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bharathi Veethi has changed

Over the years, the guideline value of Bharathi Veethi has seen significant changes. The 2012 revision set the value at Rs 500 per sq.ft, which was then decreased to Rs 335 per sq.ft in the 2017 revision. However, the value surged to Rs 1,000 per sq.ft in the 2023 revision, reflecting a remarkable increase of 199% from 2017. The most recent revision in 2024 has further increased the value to Rs 1,060 per sq.ft, marking a 6% rise from the previous year.

It is important to note that the register has no figures for Bharathi Veethi in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 112%.

Guideline values in Saravanmpatty.

In Saravanmpatty., there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft, with the median value being Rs 1,060 per sq.ft. Bharathi Veethi's 2024 guideline value aligns with this median.

• Bharathithasan Veethi: Rs 1,060 per sq.ft (2024)
• Bharma Thamilar Colony: Rs 1,045 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,055 per sq.ft (2024)
• Bharathiar Veethi: Rs 1,055 per sq.ft (2024)
• Bangala Veethi: Rs 1,060 per sq.ft (2024)
• Balaji Nagar: Rs 1,060 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 1,060 per sq.ft, the total guideline value would be Rs 10,60,000. The stamp duty at 7% would amount to Rs 74,200, and the registration fee at 2% would be Rs 21,200, bringing the total cost for these fees to Rs 95,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathi Veethi?

Bharathi Veethi 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 information.

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

The guideline value is a critical factor when registering property in Saravanmpatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price, while sellers must consider it when setting their selling price.

Frequently asked questions

What is the current guideline value of Bharathi Veethi?

The current guideline value of Bharathi Veethi is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2012 to Rs 1,060 per sq.ft in 2024, reflecting an overall increase of 112% over this period.

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

The stamp duty for a property in Bharathi Veethi is 7%, and the registration fee is 2%. For a property valued at Rs 10,60,000, the total fees would amount to Rs 95,400.

Which Sub Registrar Office covers Bharathi Veethi?

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

What is the land classification of Bharathi Veethi?

Bharathi Veethi is classified as Residential Class I Type - III, indicating its suitability for residential development.