Guideline Value for BHARATHIAR STREET

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Kangeyam village, under the Kangeyam SRO, is Rs 448 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathiar Street has changed

Over the years, the guideline value of Bharathiar Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision and further to Rs 448 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value increased by 12%, reflecting the changes in property valuation over the years.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, which aligns with the current value of Bharathiar Street.

• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Bharathiar Veethi Neasavalar Colony: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road First Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total cost for these fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kangeyam. It is the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must refer to the current guideline value to ensure compliance with the legal requirements during the registration process.

When registering a property, the guideline value is used to determine the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps to maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 448 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 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification for Bharathiar Street?

Bharathiar Street is classified under Residential Class II Type - I land classification.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated for properties in Bharathiar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 31,360.