Guideline Value for BHARATHIAR STREET

Bharathiar Street guideline value

The current guideline value of Bharathiar Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Ward - K village, under the Tiruppur Joint I SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Bharathiar Street has changed

The guideline value for Bharathiar Street has undergone several revisions over the years. In 2007, the value was set at Rs 890 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by another increase to Rs 1,120 per sq.ft in 2024, marking a 12% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 12%. Overall, from 2007 to 2024, the guideline value has increased by 26%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 780 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the current guideline value of Bharathiar Street.

• Benny Street: Rs 3,920 per sq.ft (2024)
• Benny Main Road: Rs 3,920 per sq.ft (2024)
• Bharathipuram: Rs 2,800 per sq.ft (2024)
• Binny Colony And Park Street: Rs 3,920 per sq.ft (2024)
• Avinashi Road (Bazaar Street): Rs 4,480 per sq.ft (2024)
• Avinashi Road 60 Feet (North Side): Rs 4,480 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 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers 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 more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Ward - K. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are transparent and adhere to the legal requirements set by the registration department.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,120 per sq.ft in 2024, marking a 12% rise.

What is the land classification for Bharathiar Street?

Bharathiar Street falls under the Residential Class III Type - II land classification.

Where can I find the Sub Registrar Office for Bharathiar Street?

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

How is stamp duty calculated for property 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 78,400 at 7%.