Guideline Value for BHARATHIAR STREET

Bharathiar Street guideline value

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

How the guideline value of Bharathiar Street has changed

The guideline value for Bharathiar Street has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then fell to Rs 502 per sq.ft in 2017. The 2023 revision set the value at Rs 750 per sq.ft, and the most recent 2024 revision raised it to Rs 840 per sq.ft, marking a 12% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2007 figure to the 2024 figure is an increase of 39%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO that carry a guideline value for 2024, ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Bharathiar Street's 2024 guideline value is below this median.

• Bathrakaliamman Koil Street: Rs 2,015 per sq.ft (2024)
• Bathrakaliamman Koil 2nd Street: Rs 2,015 per sq.ft (2024)
• Bathrakaliamman Koil 1st Street: Rs 2,015 per sq.ft (2024)
• Bangalow Street North South Street: Rs 2,575 per sq.ft (2024)
• Bangalow Street 80 Feet: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Thenvadal Road: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

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

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office covering Bharathiar 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 additional information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar 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 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, showing an overall increase of 39% over the years.

What are the stamp duty and registration fees for properties on Bharathiar Street?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which Sub Registrar Office covers Bharathiar Street?

The Tiruppur Joint I Sub Registrar Office covers Bharathiar Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Bharathiar Street?

Bharathiar Street is classified as Residential Class IV Type - I under the Tiruppur Joint I SRO.