Guideline Value for BHARATHIAR ROAD

Bharathiar Road guideline value

The current guideline value of Bharathiar Road in Ganapathy village, under the Ganapathy SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Bharathiar Road has changed

The guideline value for Bharathiar Road has seen significant changes over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft. This figure rose dramatically to Rs 1,250 per sq.ft in 2012, marking an increase of 317%. However, the value then decreased to Rs 837 per sq.ft in 2017, a decline of 33%. The following revision in 2023 saw the value increase to Rs 1,250 per sq.ft, and in the most recent revision for 2024, it has risen further to Rs 1,400 per sq.ft, an increase of 12%.

There are no recorded figures for Bharathiar Road in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 367%.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Bharathiar Road's 2024 value above this median.

• Beemapuram: Rs 1,008 per sq.ft (2024)
• Bharathi Nagar, G.E.M.Nagar 1,2,3,4.5 Cross: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar.Ranganathar Veethi: Rs 1,400 per sq.ft (2024)
• Balugardens Phase 1.2: Rs 1,010 per sq.ft (2024)
• Balasundram Road.Jayasamani Road: Rs 1,400 per sq.ft (2024)
• Balasundram Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total of Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Road?

The Sub Registrar Office that covers Bharathiar Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ganapathy. It determines the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiar Road?

The current guideline value of Bharathiar Road is Rs 1,400 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 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 367% over the years.

What is the land classification for Bharathiar Road?

Bharathiar Road falls under the Residential Class I Type - I land classification.

What is the median guideline value for streets in Ganapathy?

The median guideline value for streets in Ganapathy is Rs 1,120 per sq.ft, with Bharathiar Road's value being above this median.

Where can I find the Ganapathy Sub Registrar Office?

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