Guideline Value for BHARATHI WEST STREET

Bharathi West Street guideline value

The current guideline value of Bharathi West Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village, under the Tiruppur Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Bharathi West Street has changed

The guideline value for Bharathi West Street has undergone several revisions over the years. In the 2017 revision, the value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

Prior to the 2017 revision, the 2012 revision also set the value at Rs 750 per sq.ft, which was a decrease of 33% from the Rs 605 per sq.ft recorded in 2007. The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bharathi West Street's guideline value is below this median.

• Bharathi Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar West: Rs 840 per sq.ft (2024)
• Bharathi Nagar North: Rs 840 per sq.ft (2024)
• Bharathi Nagar Kavundanaikampalayam: Rs 840 per sq.ft (2024)
• Bharathi Nagar 1st West Street: Rs 840 per sq.ft (2024)
• Bharathi Nagar: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, while the registration fee at 2% would be Rs 16,800, leading to a total of Rs 75,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi West Street?

The Sub Registrar Office that covers Bharathi West Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - J

The guideline value is an essential component in the registration process when buying or selling property in Ward - J. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Bharathi West Street?

The current guideline value of Bharathi West Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This reflects an increase of 49% from 2017 to 2023 and a further increase of 12% from 2023 to 2024.

What is the land classification for Bharathi West Street?

Bharathi West Street is classified as Residential Class IV Type - I. This classification is important for understanding the type of properties and developments allowed in the area.

What are the registration fees for property transactions?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 at 7%, and the registration fee would be Rs 16,800 at 2%. The total fees would amount to Rs 75,600.

Which office handles property registrations for Bharathi West Street?

The Tiruppur Joint I Sub Registrar Office is responsible for property registrations for Bharathi West Street. The office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.